Yesterday BTC managed to break the resistance around $7400.
Over the past few weeks it has been fluctuating within a $6500-$7400 range.
A similar range was observed between half November 2019 and January 2020. Following that situation we observed a month-and-a-half-long growth which enabled a 40% increase in BTC value (from $7500 to $10500).
Taking into account the RSI index, it could be identified a consistent trend between these two time intervals.
Could it be a signal for an incoming uptrend?
Over the past few weeks it has been fluctuating within a $6500-$7400 range.
A similar range was observed between half November 2019 and January 2020. Following that situation we observed a month-and-a-half-long growth which enabled a 40% increase in BTC value (from $7500 to $10500).
Taking into account the RSI index, it could be identified a consistent trend between these two time intervals.
Could it be a signal for an incoming uptrend?