Tracie Schimpf GEmb
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$BTC update in short term
#BTCRebound
After a strong increase in $BTC following the positive news of the Nonfarm index, the price has pumped strongly to the 97k9 area before dumping again. On the daily chart, it is about to reach the overbought area on the RSI.
Currently, the price is still sideways in the range from 96k2 to 97k9 and has broken the uptrend line. In the near future, it may have a slight correction back to the previous uptrend line at the price of 94k6 before determining the next trend
In the long term, if $BTC continues to maintain upward pressure above the 94k5 area, the price may pump back to the 101k5 area. In the opposite case, if it breaks the uptrend line, the price may dump strongly back to the 82k5 area before the trend in the next period is clear.
With btc dom continuously bumping up, hard to say alt season coming.
#BTCRebound
After a strong increase in $BTC following the positive news of the Nonfarm index, the price has pumped strongly to the 97k9 area before dumping again. On the daily chart, it is about to reach the overbought area on the RSI.
Currently, the price is still sideways in the range from 96k2 to 97k9 and has broken the uptrend line. In the near future, it may have a slight correction back to the previous uptrend line at the price of 94k6 before determining the next trend
In the long term, if $BTC continues to maintain upward pressure above the 94k5 area, the price may pump back to the 101k5 area. In the opposite case, if it breaks the uptrend line, the price may dump strongly back to the 82k5 area before the trend in the next period is clear.
With btc dom continuously bumping up, hard to say alt season coming.
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