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.
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.