btc is currently facing strong resistence at 6700 levels with the 50DMA blocking the way, it is currently overbought on higher timeframes and would more likely retrace to T1 up to T3 before doing another attempt up.
if btc pumps straight to 6800/ 6900 this would give more incentives for the bear to short the overbought RSI it and would leave the bulls not much room to run up #btc #crypto
12H just had a golden crossover with the 10EMA and the 20EMA so trend is definitely up. bears would need a strong dump to change the trend
if btc pumps straight to 6800/ 6900 this would give more incentives for the bear to short the overbought RSI it and would leave the bulls not much room to run up #btc #crypto
12H just had a golden crossover with the 10EMA and the 20EMA so trend is definitely up. bears would need a strong dump to change the trend