With the good news that Trump is back from hospital, BTC might be going up to the massive sell wall of $10800.
BTC also just broke the 1 and 2 hour RSI support line which has been very strong.
It should be facing a correction to the CME gap of ~$10500 soon, when that happens the panic selling might occur and it could drop even lower.
But let's not forget that that the stimulus package is delayed and much smaller than expected. When the Americans will realize that, they could sell their holdings out of fear, uncertainty and doubt. If the media keeps contuining the good news it should be going up, but be very careful with thursday coming up.
vcdepth.io/coins/bitcoin-btc
Take a look at this depth chart for example, about 20% more supply than demand. You can also see that the volume has increased a lot but the price has gone lower since then, this might be a bearish flag.
Trade with caution.
BTC also just broke the 1 and 2 hour RSI support line which has been very strong.
It should be facing a correction to the CME gap of ~$10500 soon, when that happens the panic selling might occur and it could drop even lower.
But let's not forget that that the stimulus package is delayed and much smaller than expected. When the Americans will realize that, they could sell their holdings out of fear, uncertainty and doubt. If the media keeps contuining the good news it should be going up, but be very careful with thursday coming up.
vcdepth.io/coins/bitcoin-btc
Take a look at this depth chart for example, about 20% more supply than demand. You can also see that the volume has increased a lot but the price has gone lower since then, this might be a bearish flag.
Trade with caution.
