₿ Bitcoin Struggles For Gains ₿

₿ Bitcoin Struggles For Gains

₿ As can be seen, Bitcoin has once again rocketed upwards today in an attempt to rise once more.

₿ However, the chances of upside as well as downside are very much aligned at the current moment.

₿ I don't think that with the current negative sentiment we will find the strength for the increases.

₿ But there are also no takers for selling Bitcoin at 16k area.

₿ Everything will turn out in the coming weeks.

₿ The technical situation does not support any side either. We are still below the 50 and 200 moving averages and the MACD and RSI are not unanimously expressing strong support for either side.

₿ The scenario I am currently playing out is to wait for some significant reaction to either side. If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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