Bitcoin

BTCUSD update

After a nice climb we start to see signs of weakness, Average directional index shows that the current trend is slowing down, RSI is almost in the overbought area. The rising wedge is a clear sign of fall and is almost near the apex, where we find the 9000-9200 resistance zone. It already formed a doji, maybe it could climb a little bit higher, but if it doesn't break the 9000-9200 zone of resistance is going to fall, let's see where it stops. I, personally, expect a drop.

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