BTC failed to cross strong and old resistance line at 10k. This line is strong psychological barrier.
Since april we can see that Stoch/RSI made a reversal pattern and with that, RSI finally started to go up and broke 50 line and market responded exactly as indicators predicted.
We had a nice bull run until now. RSI never touched overbought area (over 70), so there was no FOMO, just healthy market response to new investors.
But now, BTC is a little tired, as we can see, Stoch/RSI has touched lower area for the first time, but did not yet finished with down trend.
RSI is still more than 50 so, bulls are still trying to push price higher.
For bulls to win, RSI must stay above 50 and Stoch/RSI must go up again. This can happen in few days.
Very good news is also, that since the middle of april BTC has started to trade above EMA200, EMA100 and EMA50 and this lines now became resistance.
In our opinion BTC will have few days of consolidation and then hopefully reverse and will try to break 10k again.
So if BTC will go up soon again and broke 10k line, save buy will be 10.2k.
Of course, if BTC will consolidate more, there will be possibilities for buy in at 9k, 8k or 6k.
We will keep you updated and please bear in mind, that nobody can predict market 100%, it is a game of chance and statistic.
Since april we can see that Stoch/RSI made a reversal pattern and with that, RSI finally started to go up and broke 50 line and market responded exactly as indicators predicted.
We had a nice bull run until now. RSI never touched overbought area (over 70), so there was no FOMO, just healthy market response to new investors.
But now, BTC is a little tired, as we can see, Stoch/RSI has touched lower area for the first time, but did not yet finished with down trend.
RSI is still more than 50 so, bulls are still trying to push price higher.
For bulls to win, RSI must stay above 50 and Stoch/RSI must go up again. This can happen in few days.
Very good news is also, that since the middle of april BTC has started to trade above EMA200, EMA100 and EMA50 and this lines now became resistance.
In our opinion BTC will have few days of consolidation and then hopefully reverse and will try to break 10k again.
So if BTC will go up soon again and broke 10k line, save buy will be 10.2k.
Of course, if BTC will consolidate more, there will be possibilities for buy in at 9k, 8k or 6k.
We will keep you updated and please bear in mind, that nobody can predict market 100%, it is a game of chance and statistic.
Do not buy in yet. There is a lot of possibility, BTC will retest 8k again, but then again BTC might turn faster than that.
Just wait. We will give you perfect timing on buying!