Bitcoin cost continues sketch laterally in a squeezing range. Will it lapse to decline?
Bitcoin Price Analysis
Time of analysis: 15h30 UTC
BTCC 1-Hour Chart
From a research pages of xbt.social, progressing today:
The 1hr draft sell vigilance will be definite when a 20MA (green) crosses next a 200MA (dotted red).
1hr MACD (top) pushed to a top Bollinger rope progressing today, though a indicator’s application continues and a vigilance we wait will start when cost breaks to a downside and pulls MACD by a reduce Bollinger band.
That today’s upside call is now over, is pragmatic by RSI retreat dissimilarity (blue annotation) – cost had done a reduce high while RSI done a aloft high in propinquity to a prior pitch high.
As mentioned previously, there is a risk that cost reverses during (or near) a support