ChartProphet

BTC In Bull Channel Facing Volume Profile Resistance

COINBASE:BTCUSD   Bitcoin
BTC has proved rather Bullish in my opinion, it's recovering well from some recent shake outs and continuing upward with reasonable RSI strength. RSI does need to hold and 50 is a critical level. I think $12k is possible and even $15k as charted for some time. If we get rejected by the red down sloping resistance however, I would bet on $10,800 being tested thereafter.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.