BTCUSD Could This Be the End of the Uptrend?

BTCUSD CHART PRICE – BTCUSD DAILY

We certainly don’t know,  but we can see that the price is putting a fight, in the last session it lost a minimum amount, but the range is wide, almost 400 usd, and during Sunday session it lost 800 usd but ranged more than 1,500 usd, we can see that the Relative Strength Index is back on the 66% which could be interpreted by many traders as an opportunity to either continue to go long, or close their positions, during volatile times it’s not safe for us to make a prediction not because we don’t want to but because it’s very hard to read technical indicators on conditions like these, the price of BTC is highly based on consumer sentiment, which we cannot really get a real number since it’s not a centralized market. The only thing that is sure is that we can continue to expect a high volatility for BTC in the short term at least.

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.