BTC 60K coming
Here we go, the short term analysis. BTC is ready to shoot for 60k. Bollinger Bands are now significantly squeezed, suggesting that high volatility is next. Support trendline is providing a further volatility squeeze. Stoch RSI on the hourly and 4h is oversold, indicating that BTC is ready to move up once again. If BTC fails to break the 56k and paint a fakeout, there is no doubt we will retrace to 50500 before the next move up. Either way, get ready for high volatility. TA is about probabilities, and probabilities now are pointing up.
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