Bitcoin update. BTC-USD on January 08, 2018

January 8, 2019

On a 1-week scale, we are still close to oversold, the RSI has a good chance of moving up. In case of crossing, MACD will be bullish and will also show positive signals. The resistance of 4200, which has formed above us, keeps the market from the next wave of growth, as the area above does not demonstrate particularly strong obstacles and the achievement of the level of about 5000 is very likely. This scenario can take several weeks to a couple of months.

All the articles