Looking at the correlation between MACD and the bitcoin price on the 1 hour chart, it seems likely to me given that the RSI is currently very high, we will see a short term drop in bitcoin down to the lows seen before the weekend, then the price will be very low and a correction could take the price gradually back to levels in the region of $8,863.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.