This is a speculation on what will happen with BTC. Mind that i don´t have a glass sphere where i can for see the future with.
I first drew the support(green) and the resistance(red)-lines. I found them using the volume indicator. The resistance line is drawn down on a point were high volume was met. For the support i used is the deepest point met in this time frame. The second thing i looked for was the chart pattern i found a symmetrical triangle in the trend. With lower tops and higher lows.
Why i think that the value will increase. The RSI is around 50 and came from a deep point so i can see an increase in RSI. If that increase will carry on, the trend will be going to meet a higher condition. There is also a buy signal in the MACD.
I first drew the support(green) and the resistance(red)-lines. I found them using the volume indicator. The resistance line is drawn down on a point were high volume was met. For the support i used is the deepest point met in this time frame. The second thing i looked for was the chart pattern i found a symmetrical triangle in the trend. With lower tops and higher lows.
Why i think that the value will increase. The RSI is around 50 and came from a deep point so i can see an increase in RSI. If that increase will carry on, the trend will be going to meet a higher condition. There is also a buy signal in the MACD.