BTC has just given us a very interesting signal 👀
In just a few days it moved from the US$62,500 area to briefly touch US$79,500.
Now comes the important part: after such a vertical move, BTC is consolidating near US$77,300.
- As long as it holds the US$75,500-$76,000 zone, for me the structure remains strong.
- If it regains momentum and breaks US$79,500, we could see a new attempt toward the highs.
- But be careful: on the daily timeframe, the RSI is very elevated, so a correction or consolidation before continuing would not be a surprise either.
What do you think? Does BTC break above US$80K first, or correct before that? 👇
$BTC #bitcoin
In just a few days it moved from the US$62,500 area to briefly touch US$79,500.
Now comes the important part: after such a vertical move, BTC is consolidating near US$77,300.
- As long as it holds the US$75,500-$76,000 zone, for me the structure remains strong.
- If it regains momentum and breaks US$79,500, we could see a new attempt toward the highs.
- But be careful: on the daily timeframe, the RSI is very elevated, so a correction or consolidation before continuing would not be a surprise either.
What do you think? Does BTC break above US$80K first, or correct before that? 👇
$BTC #bitcoin