As predicted, bitcoin broke resistance. The move was violent so the retracement might also be. That said, a lot of people missed out on this and will want to buy back. Previous 6.8k resistance has probably became support, needs to be tested to confirm.
1) Support and Resistance
Now that we have finally broken the resistance, price needs to test it once again for...
I. Raisons techniques
1) Support et résistance
Un niveau de support est un niveau auquel les acheteurs excèdent les vendeurs. Un niveau de résistance est l'inverse.
Le prix doit rebondir deux fois pour qu'un niveau de support soit identifié et trois fois pour qu'il devienne majeur.
2) RSI (Relative Strength Index)
Indicateur servant à mesurer la puissance d'un...
Everything explained on the chart. Can the RSI break through the 60-65 level like it did on April 12? If so, we might see more upside.
Also take into consideration that most people are bearish and expecting -5k, so sentiment wise, a bounce here makes sense in my opinion.
Stay safe!
