Bitcoin Continues to Face Overbought RSI Reading
BTC/USD extends the advance from the start of the week to register a fresh yearly high ($35956).
BTC/USD Outlook
BTC/USD stages a three-week rally to keep the Relative Strength Index (RSI) above 70, and the overbought reading in the oscillator is likely to be accompanied by a further advance in Bitcoin like the price action from earlier this year.
A break/close above the $35920 (38.2% Fibonacci retracement) to $36220 (100% Fibonacci extension) region opens up $37770 (78.6% Fibonacci extension), with the next area of interest coming in around the May 2022 high ($40020).
However, failure to break/close above the $35920 (38.2% Fibonacci retracement) to $36220 (100% Fibonacci extension) region may pull the RSI below 70, with a break/close below the $33100 (50% Fibonacci extension) to $33770 (78.6% Fibonacci extension) area bringing the $31170 (38.2% Fibonacci extension) to $31840 (61.8% Fibonacci extension) zone on the radar.
BTC/USD Outlook
BTC/USD stages a three-week rally to keep the Relative Strength Index (RSI) above 70, and the overbought reading in the oscillator is likely to be accompanied by a further advance in Bitcoin like the price action from earlier this year.
A break/close above the $35920 (38.2% Fibonacci retracement) to $36220 (100% Fibonacci extension) region opens up $37770 (78.6% Fibonacci extension), with the next area of interest coming in around the May 2022 high ($40020).
However, failure to break/close above the $35920 (38.2% Fibonacci retracement) to $36220 (100% Fibonacci extension) region may pull the RSI below 70, with a break/close below the $33100 (50% Fibonacci extension) to $33770 (78.6% Fibonacci extension) area bringing the $31170 (38.2% Fibonacci extension) to $31840 (61.8% Fibonacci extension) zone on the radar.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.