BTC Slowly Climbs From Last Evening's Low Of Around 6300. Here's My Take On It.

in #bitcoin6 years ago

Bitcoin is still underneath some significant resistance that ranges from about 6500-6650. Currently, it's between the 18-average of highs and lows on the 30 minute timeframe. The Money Flow Index is kind of straight to declining, depending on how you look at it, and that would mean there's a small bit of divergence between that indicator and the price and MACD. And, if the price levels out and starts to go straight for a few periods, the MACD should begin to cross down at that point.

So, everything considered, I think there's a pretty good chance that even if Bitcoin does head a bit higher today, it probably won't be by much.

As a disclaimer, this is just what I think of the current market. Please don't make financial decisions based on what I'm saying. Don't take this as financial advice, but look at the markets yourself before doing anything.

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