BTC Breakout eminent?Next 4 hrs crucial for D,next 2 days for E!
Key factor for any breakout- Volume. Ever since breaking bellow 6000, we saw some volume spikes here and there, which can indicate that bitcoin may not stay bellow/around 6000 for long. The next 4 hours would be crucial for a breakout on D, if btc can hold above the daily opening 6070(green candle). We could see a breakout happening tomorrow. However, 5400 isn't too far away, which would be the absolute bottom that should have a very solid support.
Going through the daily indicators- MACD showing some tendency of a breakout, RSI pretty weak for now and still holding bellow the trend-line(noted on the chart, that if broken, could show a bullish potential). Not to be too repetitive or aggravating, but daddy America for *4th of July* always brings some hope into the markets. . . . . . . . Disclaimer: //This is not a buy or a sell sign, you decide what to do with your own money!// Comment your thoughts, or if you have anything to add/criticize folks!
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