Bitcoin reached its new local maximum. Recently, he has been working out his technical side of analysis quite well. Now this cryptocurrency continues to move in an upward channel. Clearly fighting off the level of resistance or support. I previously made a trading signal that the situation that has now developed on the hourly period is similar to the one on the daily one (it repeats the same movements). See below! Now the indicators show a certain overbought asset, and we also see price consolidation. Which is likely to start a reversal and correction.
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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.