BTC and BTC DOM, Reversal or Continue?

29 giu 2023

Hi traders,

This is my POV about BTCUSD

On weekly TF, BTC's trading around 30150 now.

You can see BTCDOM's over ATH 2021 and 2022, now it's nearly 52%.

I see some good signals
- RSI Overbought, not divergence
- MACD > 0, going up
- ADX > 40, strong strength.
- Price's a big green candle, it shows buyer pressure.

BTC on 4H TF
https://www.tradingview.com/x/a9B0c3Du/

It's in Triangle Pattern.

My opinion is Bitcoin will breakout and go up to $38,000 - 39,000. That range has a lot of touching in the past.

Wait and see the market react