Bitcoin Weekly Range Update
XBT/USD weekly range $ 550-$ 620 | ALMA daily moving average is slightly bearish and the main resistance for now is always the VWAP at $ 620.
I think the cross XBTUSD will remain below $ 620 this week with a second resistance at about $ 690. Volatility has stabilized. The weekly forecast is flat, i don't expect a break above $620 or below $550.
The average of the RSI oscillator turned upward and is giving some bullish indications but only a breakout above $ 620 would confirm a bullish scenario.
More updates and articles at my blog btctrading.wordpress.com
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