Bitcoin came up higher approaching 21 MA. In case BTC breaks up the 21 MA it could gain more value. On the other hand the opposite could happen if traders sell large volume for profit.
Target H:9.5k L:8.5k
NOTES:
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
