By this time tomorrow BTC will very likely have started on its next leg, since, as you can see on the 4hr chart, the current sideways price action runs into that upward sloping trend line by tomorrow afternoon at the latest. You can also see that the 4hr RSI has formed a symmetrical triangle and we're coming to the end of it.
The statistical likelihood is strongly in favor of this move being to the upside, but it's Bitcoin so of course anything is possible.
Upward move should take us to the 9400 area. Downward move to the 8450 area.
Cheers and happy trading!
The statistical likelihood is strongly in favor of this move being to the upside, but it's Bitcoin so of course anything is possible.
Upward move should take us to the 9400 area. Downward move to the 8450 area.
Cheers and happy trading!