Notice RSI index and stochastics correcting, bollinger bands have touched the top (another signal towards a correction). We will test resistance but it is possible the bears that have entered the markets, along with a bubble (note it is possible for an asset to both be in a bubble and undervalued), will move BTC down to normalized levels.
I am expecting a fall to 16000 until further resistance is tested, perhaps a fall to 14,000 over the next 1-2 weeks
I am expecting a fall to 16000 until further resistance is tested, perhaps a fall to 14,000 over the next 1-2 weeks
Note
CCI* and MACD* signals, stochastics however also signal overbought
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.