DISCLAIMER: It is understood that all the suggested input of Maxime Desalle regarding this chart analysis are only recommendations / support from a business perspective and do not constitute in any way legal terms. To that extent you retain sole responsibility should you make use of such recommendations.
Good afternoon dear traders,
I hope you are doing great!
Current support is located at 8200 $. There is a heavy resistance at 8400 $. You can see that there is a kind of breakout on the MACD. The blue line is crossing the orange one to the upside. That's good. The RSI isn't good because it's above the overbought line. The price is also above the highest Bollinger band, that's again not good news. It seems like Bitcoin is in a new ascending triangle.
Here is my prediction: In my opinion, Bitcoin will go just a little bit down and then BTC will go to 8400 - 8500 $.
Thank you for your support,
Maxime Desalle
Good afternoon dear traders,
I hope you are doing great!
Current support is located at 8200 $. There is a heavy resistance at 8400 $. You can see that there is a kind of breakout on the MACD. The blue line is crossing the orange one to the upside. That's good. The RSI isn't good because it's above the overbought line. The price is also above the highest Bollinger band, that's again not good news. It seems like Bitcoin is in a new ascending triangle.
Here is my prediction: In my opinion, Bitcoin will go just a little bit down and then BTC will go to 8400 - 8500 $.
Thank you for your support,
Maxime Desalle
