Bitcoin is not moving drastically. It’s heading sideways and relatively steady. Investors seem to be waiting before making a move. The Bull and Bear are equally strong so far. Trading volume is lower than usual. Target H: $10,000 L: $8,500
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Theory:
Technical analysis employs models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market and intra-market price correlations, business cycles, stock market cycles or, classically, through recognition of chart patterns.
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
https://en.wikipedia.org/wiki/Technical_analysis
