The previous Bitcoin analysis did put the current price action in proper perspective, and is crucial to the future progression of Bitcoin.
Price action remains within the range anticipated, maintaining a sideways channel from ~$6885.70 and $6,190.30. The 6 hour time frame Relative strength index (RSI) does favor more bearish momentum, which implies the possibility that support will be tested.
A break below $5,839.30 = more selling to come.
Price action remains within the range anticipated, maintaining a sideways channel from ~$6885.70 and $6,190.30. The 6 hour time frame Relative strength index (RSI) does favor more bearish momentum, which implies the possibility that support will be tested.
A break below $5,839.30 = more selling to come.
