PolarHusk

BTC/USD TA Update (Bullish RSI Sign?)

Long
BITSTAMP:BTCUSD   Bitcoin
BTC/USD

Bitcoin is already touching the key resistance area but still has room to go up as the ascending trend-line resistance of this upward channel is still 4-5% more.
The RSI is painting as a bullish inverse H&S pattern and barely entering the overbought conditions.
We know Bitcoin loves to move in a parabolic uptrend, we can't remove the fact that the price may overshoot this resistance area.
Always be cautious as we are in the decision time today.

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