BTC Bitcoin: Directional Movement

Today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).

The current upward momentum on the BTC price may be short lived as the RSI is very high in the overbought region. I have shown two directions which the price can move towards. Keep in mind that BTC price volume is still low, which is a concern. Expect some downward movement to cool off the RSI before price really makes a directional move.

I have been calling drops on BTC since November and December of 2021. Be careful to not follow the hype train which many social influencers put up.

If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.

Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics