For those of you watching the shorter time-frames, BTC's epic rally this past week is now taking a breather. 4-hour chart shows downwards momentum on the MACD and we see a support level 2% below current price.
The weekly candle is likely to close very strong, setting us up for next week or the week after to be a strong continuation.
The only question is whether next week will end up as a 'doji' candle of indecision with the bulls and bears fighting over who is in charge.
Any such 'debate' may be settled by next weekend.
Buckled your seatbelts. The crypto markets seem ready to rally.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.