Today, Pivot point is at 8151. Below the Pivot point, there is a bearish scenario, above a bullish one. Fluctuating around Pivot point means an undecided scenario and a sideways movement.
The current upmove did not yet reach the target of 9000. However, is it already exhausted? Right now, the market price of BTCUSD is undecided and fluctuating around Pivot point.
The current upmove did not yet reach the target of 9000. However, is it already exhausted? Right now, the market price of BTCUSD is undecided and fluctuating around Pivot point.
This chart with day candles is an overview, some kind of an aerial photo of a landscape. We can see that the current up move is a correction and not a new trend. As long as BTCUSD remains below the brown, bold dashed trendline, the downtrend is effective.