Bitcoin just recently broke the downward resistance channel and many are now calling for bitcoin to go to its next all time high! To me, the charts are telling a different story.
-Breaking of the resistance trend line has to be one of the weakest moves I have ever seen, pure market manipulation at its finest. -We have an ascending wedge, accompanied with a decline in volume, bearish signal. -MACD can go both ways -RSI is showing the same as what the wedge is telling us, bears have the upper hand -Coppock shows the buyers losing momentum
Most likely, bitcoin will retrace. Wait for the wedge to be broken and act accordingly.
Only the exchanges have this information, and volume/capital to decide which way it will go, 80% chance against popular opinion.
isn't decentralization great :)