Bitcoin is almost overbought on the 1W timeframe (RSI = 69.070, MACD = 1615.400, ADX = 36.907), well over the 1W MA50. This breakout comes after the priced crossed above a Megaphone pattern that was seen before the last two major bull runs. The 1W RSI was also near 70.000 on those instances and history seems to be repeating. No matter how unrealistic it may seem, can hit 50,000 or even 60,000 by July if the pace of this rise is continued.
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Telegram: t.me/investingscope
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Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.