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Bitcoin price remained well supported @ 15.7K. The price formed a double bottom on this support level which is a bullish sign for BTC.
The price is in a consolidation phase, and BTC dominance shows fear in the market.
BTC cleared the 17K resistance zone and this is positive sign. However, the bears appeared near17.42K, and the price is now consolidating.
Any transcend above the 17.574K level might send the price towards 18K and beyond (18.75K resistance)
Any break of support might send the price towards the 15K level (the possibility is 50/50)
everyone is waiting for the price confirmation to take strategic actions.
Bollinger bands shows a clear squeeze which means that volatility is starting to decrease in an attempt to change price anytime
Stochastic RSI is showing a consolidation above level 80, which indicates that BTC price may decrease anytime
I think that waiting and watching is the key for success, but buying is absolutely the best
buying around 15K isn't bad because BTC could sky-rocket anytime soon
Something big is coming guys, don't be affected by market FUDs
Disclaimer:
Everything stated about is NOT a financial advice, DYOR
please press the like button and boost my post
Thanks for the support guys
Bitcoin price remained well supported @ 15.7K. The price formed a double bottom on this support level which is a bullish sign for BTC.
The price is in a consolidation phase, and BTC dominance shows fear in the market.
BTC cleared the 17K resistance zone and this is positive sign. However, the bears appeared near17.42K, and the price is now consolidating.
Any transcend above the 17.574K level might send the price towards 18K and beyond (18.75K resistance)
Any break of support might send the price towards the 15K level (the possibility is 50/50)
everyone is waiting for the price confirmation to take strategic actions.
Bollinger bands shows a clear squeeze which means that volatility is starting to decrease in an attempt to change price anytime
Stochastic RSI is showing a consolidation above level 80, which indicates that BTC price may decrease anytime
I think that waiting and watching is the key for success, but buying is absolutely the best
buying around 15K isn't bad because BTC could sky-rocket anytime soon
Something big is coming guys, don't be affected by market FUDs
Disclaimer:
Everything stated about is NOT a financial advice, DYOR
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Unless BTC transcend 18.5K i dont see any buying potential
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