With all
BTCUSD
oscillators at their upper extreme and the price getting closer to the upper trend line of the huge ascending wedge, it seems like we should expect a price correction soon. There is still room for BTC to reach new highs as high as $5000 or even $5100 but that might as well not happen since every player in the market is already warned about bitcoin being overpriced and should soon take action upon that.
Commentaire:
Take note on how previous corrections sort of mirrored the top point against SMA-50 (bold orange line) before reversal.