BTC Cup and Handle waiting for confirmation

25 mars 2021

Hey, here goes the express analysis of a beginner haha. It seems that the BTC / USD chart is forming a very well-crafted "cup and handle" and holding onto the support at $ 52,300 (approx). The RSI crossing the 50 lines and the crossed MACD catches my attention, which would imply the beginning of a downtrend; Then the Stoch RSI appears as oversold and about to cross to begin to rise in price. In my humble opinion, if BTC holds the support line above $ 52,300 at the close and tomorrow; We could see an uptrend again to test $ 60,000. All you have to do is wait to see what can happen, do your own analysis, and decide your investment strategies. I await your comments and criticisms, may the force be with you!

PS: Negative market sentiments could hurt expected performance