Volatility Expected in BTCMXN
May 29, 2020
Mexican Peso Gets Stronger
June 1, 2020
BITCOIN CHART PRICE – BTCUSD DAILY
We expect the cryptocurrency to reach the next resistance level at $10072.30 in the next few days, Bitcoin had a very shaky weekend as it had significant gains on Saturday just to lose those on Sunday, today it regained yesterday’s loses and currently trades at 9697.86 above the Ichimoku cloud indicating that we can expect the uptrend to continue, RSI is at 58% far from considering the asset overbought, many traders see RSI as a strong indicator of weather they can still catch a trend or if it’s too late, for Bitcoin I would say that is not too late to go Long, after getting closer to the resistance then we will need to wait and see if it breaks it or if it changes the trend to find support on 8603.88.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
