Bitcoin has in the last couple of month been in a strong up-trend and I believe that this will continue - technically speaking regarding technical indicators and trend-patterns.
I see one of two scenarios happening. The first being the Yellow one which argues that the trend will within the next week strongly proceed upwards.
The second scenario - being the most likely scenario - the red one. This scenario argues that the stock has to go a little down - still in up-trend - but down an challenge the support line and then proceed in up-trend. I believe this because the RSI indicates too many buyers combined with that MacD indicator showing that it has potentially - relative to other peaks - reached its peak.
I see one of two scenarios happening. The first being the Yellow one which argues that the trend will within the next week strongly proceed upwards.
The second scenario - being the most likely scenario - the red one. This scenario argues that the stock has to go a little down - still in up-trend - but down an challenge the support line and then proceed in up-trend. I believe this because the RSI indicates too many buyers combined with that MacD indicator showing that it has potentially - relative to other peaks - reached its peak.