The ideal scenario of Bitcoin should be, and this is my opinion, test 13.250 again and potentially form an ascending triangle. By doing this Bitcoin will not lose its bullish momentum, but it will reset the overbought state in the RSI and allows more upward movement in the RSI at the 4h, and 1d timeframes. In addition, Bitcoin will have more time to set the moving averages in the correct bullish order 20/50/100 on the lower timeframe charts

Let's see how it plays out! Good luck everybody

GreenCandleSticks.com

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.