Hello traders, hope you are all doing well
In my opinion I believe there will be a breakout. Needless to say even though if bitcoin does not go short (which I highly doubt within the timeframe) I believe that a breakout will occur from the the yellow large resistance line in the graph as shown. If predicted so, a high upwards trend will likely occur and will go upwards of 50000.00. Also following up from the RSI, maybe not in the timeframe shown but maybe the 1 hour period, it shows a potential upwards trend to take place and then predicted to go down.
Again this is just my opinion and everyone has their own. However I do believe this will be the case and would love to get your opinions and ideas in the comments.
Thanks!
In my opinion I believe there will be a breakout. Needless to say even though if bitcoin does not go short (which I highly doubt within the timeframe) I believe that a breakout will occur from the the yellow large resistance line in the graph as shown. If predicted so, a high upwards trend will likely occur and will go upwards of 50000.00. Also following up from the RSI, maybe not in the timeframe shown but maybe the 1 hour period, it shows a potential upwards trend to take place and then predicted to go down.
Again this is just my opinion and everyone has their own. However I do believe this will be the case and would love to get your opinions and ideas in the comments.
Thanks!