Hello everyone, Hope you guys are doing well, here is the quick #BTC Update.
As we can see the Market is completely going sideways. Lots of Wicks are getting rejected to the top and bottom currently at a neutral situation.
It is fluctuating between 8700 to 9400 in a channel since past few days making a rising wedge which is highly likely to break around 9500 to 9800 level.
Although we are seeing an MACD Crossover and RSI is oversold at 4HR chart we're currently trading below 50D MA on which traders and whales trade and this is bearish but still a little bull run to around 9500 is highly likely. Volume being very low am expecting a bearish movement in BTC which will pull it back to 8200 to 7800 Range. We might see a breakdown around 9500 were bears are waiting for their short positions.
Let’s see how the Market turns.
