#Bitcoin multi week reversal likely to start here $BTC $BTCUSD
The weekly Stochastic RSI , Bearish RSI Divergence, horizontal resistance, and weekly Bollinger Band all indicate that we are coming up on a tradable top (at least.) While it is impressive that the price pierced through the center of this Bollinger Band I would be surprised if that were to hold. If it breaks through I would not be surprised to see $7400 to $8000 in short order.
It is in a time like this that the 2014 bear market ended. In hindsight, it was the best to sell or hedge when it first reached horizontal resistance. I do not believe the second retest of this level will hold the price down, however.
Bitcoin is now entering the mass market phase of its lifecycle.
It is in a time like this that the 2014 bear market ended. In hindsight, it was the best to sell or hedge when it first reached horizontal resistance. I do not believe the second retest of this level will hold the price down, however.
Bitcoin is now entering the mass market phase of its lifecycle.
