Look-ey here! Are we about to see BTC pullback?

Bitcoin / U.S. dollarBitstamp

Description

⋅ Aug 9, 2020 9:11 PM

As we've recently seen, bitcoin has shredded through some critical price levels but will this there be enough momentum to take it the ATH & more?

In my opinion, I think BTC faces a major test at this 12k price zone & i'll be looking to go long once it closes this area on the weekly.

What are your thoughts and outlook on BTC for the year?

Comments

Phi-Deltalytics

⋅ Aug 10, 2020 4:52 AM

I agree BTC is looking bullish for the long term. 1D and 2D RSI are extremely bullish, and once RSI completely extends to the overbought region, RSI bearish divergences can keep on developing with price making new highs.
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Joshua480

⋅ Aug 9, 2020 9:20 PM

I suspect a retest of 11089 then moon.