BTC thoughts and analysis
weekly chart
weekly chart indicates that the asset is trading in range, which is what we all actually expected though there is some sort of breakout which should be confirmed by the second candle stick. at the SMA 13 it breaks on that level a bullish hammer which kinda indicates that we should atleast expect a bullish trend over the coming week.
dail chart
the daily chart indicates that the price is overbought at this time (the RSI is above the 80 level as shown on the chart), i expect this price level to fall slowly up to 24K level and the continue rising (pump) to the overbought region.
weekly chart indicates that the asset is trading in range, which is what we all actually expected though there is some sort of breakout which should be confirmed by the second candle stick. at the SMA 13 it breaks on that level a bullish hammer which kinda indicates that we should atleast expect a bullish trend over the coming week.
dail chart
the daily chart indicates that the price is overbought at this time (the RSI is above the 80 level as shown on the chart), i expect this price level to fall slowly up to 24K level and the continue rising (pump) to the overbought region.
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