Bitcoin - Uncertainty again on the market

Fortunately, the price of the leading cryptocurrency has not declined as the rate of altcoins and remains at yesterday positions. Based on this, the community recognizes Bitcoin as the only store of value. Moreover, there are reasons for that, as the network keeps rising and developing. Our prediction made few days ago came true according to which BTC’ price would rise above $5,350.

The technical analysis the 4-hour chart indicates an attempt to form a reversal pattern. The possible scenario is the growth of the asset and testing the resistance area at $5,500, followed by a rebound and a movement to reduce. The test of the resistance line on the RSI indicator is an additional signal here.