Bitcoin is currently dominated by two strong trend lines. Around the 6th of May we will see those two collapsing which will force BTC to decide for or against an uptrend.
If we manage to break the current resistance, we are likely to see the next one at around 12k. Other way round we can see the support breaking and then we will be back at 7k with another very strong support. Considering the MACD we might witness a downtrend (take a look at my trend lines in the MACD).
Let the market decide in those giant triangles!
If we manage to break the current resistance, we are likely to see the next one at around 12k. Other way round we can see the support breaking and then we will be back at 7k with another very strong support. Considering the MACD we might witness a downtrend (take a look at my trend lines in the MACD).
Let the market decide in those giant triangles!
