Hi everyone
Bitcoin seems pretty weak these days, the last time it was rejected at 10k levels BTC dropped under the support area that has been holding since May 28th.
Since then BTC started forming a possible inverse head and shoulders pattern. If the pattern would form this means that BTC would drop to 9100 levels, and then push again to 10k.
RSI just left the overbought area and it's heading down.
Let me know what you think.
Bitcoin seems pretty weak these days, the last time it was rejected at 10k levels BTC dropped under the support area that has been holding since May 28th.
Since then BTC started forming a possible inverse head and shoulders pattern. If the pattern would form this means that BTC would drop to 9100 levels, and then push again to 10k.
RSI just left the overbought area and it's heading down.
Let me know what you think.