Bitcoin is currently traded between a significant support (Purple line) and a major resistance (Green line)
Using the fibonacci retracement we see the price at 0.61 level
The 1 hour RSI looks oversold, stochastic RSI oversold, money flow at the bottom, macd extended to the downside
Putting them together I expect the price to stay above 6300 looking to brake to the upside after the Weekend
Even if we brake the purple line we still have major support on the red line
Using the fibonacci retracement we see the price at 0.61 level
The 1 hour RSI looks oversold, stochastic RSI oversold, money flow at the bottom, macd extended to the downside
Putting them together I expect the price to stay above 6300 looking to brake to the upside after the Weekend
Even if we brake the purple line we still have major support on the red line