As we are approaching the end of this month, BTC will soon face the resistance of the previous high. Now, will the price continue its bullish movement? or will it tumble around 11-12k? Good question, though its fundamentals are currently pretty solid and some indicators are showing
continuity of its bullish movement, however, it might be over soon.
We can see that the RSI is currently in overbought region, if suppose the price fails, a bear trend might be forming up. Contrary, if the price continues to persists, a new high might be observed. MACD is currently showing a signs of exhaustion. If the signal crosses over, a possible pullback or a bear trend will be formed. With the end of the year is just ahead, few investors might be dumping up soon. If this happens it will replicate its movement of the previous year. But, regardless of this, the upward movement momentum might still continue for a little longer.
This is just an idea. Trade at your own Risk
continuity of its bullish movement, however, it might be over soon.
We can see that the RSI is currently in overbought region, if suppose the price fails, a bear trend might be forming up. Contrary, if the price continues to persists, a new high might be observed. MACD is currently showing a signs of exhaustion. If the signal crosses over, a possible pullback or a bear trend will be formed. With the end of the year is just ahead, few investors might be dumping up soon. If this happens it will replicate its movement of the previous year. But, regardless of this, the upward movement momentum might still continue for a little longer.
This is just an idea. Trade at your own Risk
