what next 50k or 70k? RSI Testing the breakout resistance!!
Technical analysis:
Welcome to this quick update everyone,
The #Bitcoin Daily RSI has been on of the best indicators through this year & entire bull run
The price of Bitcoin has followed every bounce or break of the RSI resistance/support
Bitcoin is currently using old RSI resistance as new support
If it holds, expect a big bounce!
BTC made a new ATH of $67k after which it showed some correction reaching the support levels we mentioned in our previous update.
Currently, BTC is holding a strong support between $60k to $61k and if it bounce from this level then we can expect a 10% to 15% rally that will lead the price to a new ATH $70k.
A break down on the other hand will not be a good sign for BTC. If BTC breaks this support level 1 then the next support level will be the support level 2 ($53k to $54k).
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
Welcome to this quick update everyone,
The #Bitcoin Daily RSI has been on of the best indicators through this year & entire bull run
The price of Bitcoin has followed every bounce or break of the RSI resistance/support
Bitcoin is currently using old RSI resistance as new support
If it holds, expect a big bounce!
BTC made a new ATH of $67k after which it showed some correction reaching the support levels we mentioned in our previous update.
Currently, BTC is holding a strong support between $60k to $61k and if it bounce from this level then we can expect a 10% to 15% rally that will lead the price to a new ATH $70k.
A break down on the other hand will not be a good sign for BTC. If BTC breaks this support level 1 then the next support level will be the support level 2 ($53k to $54k).
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed
