Ok just 2 Observations here: First, after going above RSI 70 Bitcoin always dropped under RSI 45 before reaching the above RSI 70 zone again. Second, the dips that happen somewhat linked to the above matter of fact have until now always reached the last all time high. This observation is based on the past months and it leads me to the conclusion, that if it...
Hasn't shown a clear breakout yet, will be interesting to watch over next few hours. +3hr Candle MACD 12,26,CLOSE:9 Trendline could be placed of highs.
The next target should be around 6k if it follow its past moves...
BTC can go over the 5K again because first there's a reverse head and shoulders formation, if it goes over the target of the h&s it will be the neckline of the double bottom, so it's for that reason that I'm thinking that!
Here's a simple analysis of BCC - Target is $600
Buy near 0.05467046 Tgt 0.06303143 Stop Loss 0.05062933