Recognize that title? No? It's a throwback to the movie Austin Powers Goldmember
Anyway, this is a quick and easy analysis.
BTC has been ranging for the last few weeks with the pattern getting tighter.
Bears have failed to break past $9800 with sustainable volume (Remember $5.8k from the 2018 bear market? Similar to that)
Bull volume has been picking up over the last week.
RSI and MACD are both neutral which means we've hit an equilibrium.
While technically this could go either way, I'm leaning bullish. That said, the price action could turn bearish as the markets dump during the 2 weeks before/after the election (Historically there has always been a selloff).
That said, Bitcoin has shown to not directly correlate and if faith in the U.S Dollar falls due to the election results then I won't be surprised if we see an influx of people looking for a safe haven for their assets.
Either way I'm bullish on Bitcoin and have added to my stack. If we don't see any price action during the weekend then we can expect something on Monday.
Anyway, this is a quick and easy analysis.
BTC has been ranging for the last few weeks with the pattern getting tighter.
Bears have failed to break past $9800 with sustainable volume (Remember $5.8k from the 2018 bear market? Similar to that)
Bull volume has been picking up over the last week.
RSI and MACD are both neutral which means we've hit an equilibrium.
While technically this could go either way, I'm leaning bullish. That said, the price action could turn bearish as the markets dump during the 2 weeks before/after the election (Historically there has always been a selloff).
That said, Bitcoin has shown to not directly correlate and if faith in the U.S Dollar falls due to the election results then I won't be surprised if we see an influx of people looking for a safe haven for their assets.
Either way I'm bullish on Bitcoin and have added to my stack. If we don't see any price action during the weekend then we can expect something on Monday.