Btc is on the way to retest 200w ma which is around 22.5k and hopefully surpass it.. Can BTC do that? What signs telling us?
Firstly as btc price increasing, we want the volume to increase too but unfortunately daily volume decreases as price going up which probably means this is not a real movement so we have to be careful. This will be a short-term movement. Remember the FED interest announcement is 10 days later.
Secondly the daily Rsi should be over 50 to think this can be a solid upward breakthrough. Still it is waiting at the resistance but if today BTC close over 21.200 which is more than yesterdays close , the rsi will look up and to the 50 level. So btc closing over 21.200 will be a good sign for today.
I think if btc can close over 21.200 today it will probably reach to at least 22.5k but i repeat this wont be a long term movement. Short term upward movement is what i'm waiting
Firstly as btc price increasing, we want the volume to increase too but unfortunately daily volume decreases as price going up which probably means this is not a real movement so we have to be careful. This will be a short-term movement. Remember the FED interest announcement is 10 days later.
Secondly the daily Rsi should be over 50 to think this can be a solid upward breakthrough. Still it is waiting at the resistance but if today BTC close over 21.200 which is more than yesterdays close , the rsi will look up and to the 50 level. So btc closing over 21.200 will be a good sign for today.
I think if btc can close over 21.200 today it will probably reach to at least 22.5k but i repeat this wont be a long term movement. Short term upward movement is what i'm waiting