đš#BITCOINÂ WEEKLY UPDATE: đš BTC again formed a doji candle on chart which show indecision in market.
Bearish MACD is major concern in chart and so we may not see major big move until it turn into bullish crossover.
Good part is that Stoch RSI is not showing momentum in favor of bears.
Conclusions & Outlook:
âïžShort-Term: BTC is consolidating in the $90K - $110K range. Given the MACD crossover, a minor pullback or sideways movement is possible.
âïžMid-Term: If BTC maintains support above $90K, a continuation toward new highs is likely.
âïžLong-Term: BTC historically performs well post-US electio
Bearish MACD is major concern in chart and so we may not see major big move until it turn into bullish crossover.
Good part is that Stoch RSI is not showing momentum in favor of bears.
Conclusions & Outlook:
âïžShort-Term: BTC is consolidating in the $90K - $110K range. Given the MACD crossover, a minor pullback or sideways movement is possible.
âïžMid-Term: If BTC maintains support above $90K, a continuation toward new highs is likely.
âïžLong-Term: BTC historically performs well post-US electio