We are now again at levels where we don't have much points from the past to rely on.
What do we know:
- in 2017 BTC on Binance touched 19784
- on 30th November 2020 reached 19885, pull back (daily close was green) and then again test this price again (19888) on December the 1st with close at 18755
Price around 19.800 was tested 3 times, which means resistance in now weak. BTC might test it again, and then it will surpass it with no problems and we'll see new ATH in any days now.
RSI is bullish, but not overbought
BTC is above Kumo Cloud on all timeframes (except < M30)
Bullish TK crosses on most timeframes (waiting only for the conversion line on 4H chart pull more aggressively from the base line)
Next level of resistance:
19888 (not so strong, maybe it will be tested once more)
23688
26040
Price won't go higher than that in the next month in my opinion.
I think BTC will reach new ath before the end of 2020, reach 23688 levels around first half of January, then we can expect some pull back to 18.000, where its now strong support. Then again new rally to 26040 or even 27940 at March/April 2021.
What do we know:
- in 2017 BTC on Binance touched 19784
- on 30th November 2020 reached 19885, pull back (daily close was green) and then again test this price again (19888) on December the 1st with close at 18755
Price around 19.800 was tested 3 times, which means resistance in now weak. BTC might test it again, and then it will surpass it with no problems and we'll see new ATH in any days now.
RSI is bullish, but not overbought
BTC is above Kumo Cloud on all timeframes (except < M30)
Bullish TK crosses on most timeframes (waiting only for the conversion line on 4H chart pull more aggressively from the base line)
Next level of resistance:
19888 (not so strong, maybe it will be tested once more)
23688
26040
Price won't go higher than that in the next month in my opinion.
I think BTC will reach new ath before the end of 2020, reach 23688 levels around first half of January, then we can expect some pull back to 18.000, where its now strong support. Then again new rally to 26040 or even 27940 at March/April 2021.