Bitcoin's Wild Trading Day ends in Indecision
Updated
Wow what a day for Bitcoin. Blasts through 10,000 to a new all-time high, runs up toward 11,500 and then gives a lot of it back to finish under the big round number. This feels like a buying climax or a blow off top but the indecision doji makes it hard to say for sure. Volume continues to rise but a negative RSI divergence suggests slowing upward momentum. Given the move we could still see major trading swings in both directions in the coming days but I suspect we could see a wide sideways range start to emerge.
Note
That;s a 2,900 point range between 8,600 and 11,500 wow.
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