"Simplicity is the ultimate sophistication."-Leonardo Da Vinci-
BTC/USD
- Bitcoin about to breakout of the 22/23k$ range. If it can sustain a push to new ATH it will keep exploring towards 25k towards potentially 30k.
- A fail to breakout with enough upwards force could push the price towards the 22/20k$ area in order to retest the lows of December.
- MACD and RSI have broken its downtrend and signal an upward move is in the process.
Remember, nobody can predict the price of cryptocurrencies accurately and anybody claiming the opposite is probably trying to claim your attention and your money. Predicting the price of cryptocurrencies is akin to predicting the weather; the further into the future you try to predict, the bigger the deviation and error rate will be. This is due to the fact that in a complex system involving thousands of variables, some which are know and others which remain unknown, an accurate prediction can only happen if every single variable is correctly accounted for.
-Chad Trader from Clear Thought Crypto.