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🪙💡Bitcoin has broken the downward trend channel in the short term and reacted strongly to the upside. The future trend direction is currently difficult to predict. The currency has marginally broken through the resistance at about 67,600 points. A further upward movement can be expected with a sustained break. The RSI is above 70 after a good price increase in recent weeks. The currency has a strongly positive momentum, indicating further price increases. However, in particular with large stocks, a high RSI can be a sign that the stock is overbought and there is a risk of a downward reaction. The RSI curve is trending upwards. This can be an early signal for the initiation of an upward trend. In the short term, the currency is considered overall technically slightly positive.
This is not investment advice.
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