i see a lot of investor and trader are thinking that bitcoin will going up for the next month. im thinking about the chart that im charting at monthly timeframe. RSI 14 shown that it already 90% overbought. and therefore also 3 bull candle shadow.
that shown there is great wall or great resistance that the bitcoin market need to overcome.
But there are rumors that tell the impact of segwits activation. This will bring more investor to come in.
so for me it technical vs fundemental.
- Graph btcusd 24 July 2017
https://www.tradingview.com/chart/BTCUSD/YS1aNC2N-Montly-trend-for-Bitcoin/
If u notice that the graph there is vivid sign that market is overbought for this previous 3 month the bitcoin market has not break 3000usd. basically on technical view this is not a good sign for the market to go up. but if the the price turn to break that 3000usd, there is another story. More worry is if the market price going to make spike . which mean go up for a while and down drastically.
That is my humble opinion.
@doqstrader