Sorry I'm on mobile tonight, so chart is gonna be a bit congested.
I personally feel bitcoin is going to go on a multi-week consolidation before attempting to break the $15,000 range. The fact that we've been hitting high values on the RSI shows that we're really exhausted on this mini bull run we had, I expect BTC to hover around $13k to 9k for a few weeks, this should then form the basis upon which we build up to $15,000 and then $17k.
The FA to keep this going is of cause bakkt, libra, BTC halving and the host of institutions in crypto now. These are enough fuel to keep BTC from tanking.
We have to break out of that long term wedge tho, you can see the heavy rejected immediately we touched it last month.
More of a Personal target than anything else.
Sorry I'm on mobile tonight, so chart is gonna be a bit congested.
I personally feel bitcoin is going to go on a multi-week consolidation before attempting to break the $15,000 range. The fact that we've been hitting high values on the RSI shows that we're really exhausted on this mini bull run we had, I expect BTC to hover around $13k to 9k for a few weeks, this should then form the basis upon which we build up to $15,000 and then $17k.
The FA to keep this going is of cause bakkt, libra, BTC halving and the host of institutions in crypto now. These are enough fuel to keep BTC from tanking.
We have to break out of that long term wedge tho, you can see the heavy rejected immediately we touched it last month.