Bitcoin (BTC/USD): Morning Analysis, Unimpressed…

Bitcoin Morning Analysis .pngBTC Update.pngBTC D.png

Daily

Looking at our trend timeframe we see price currently testing our resistance at $6,350, stochastic rsi showing momentum is in favor of bulls however we are getting close to topping out. A daily close above $6,350 and expect a push towards $6,500, a rejection from this level and expect our sell off to continue towards $6,100.

Link To Chart

Conclusion

  • Buy: After Daily Close Above $6,350
  • Sell: Nooo

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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.