$BTC Short term Analysis
Bitcoin shows strong development within a rising trend channel in the short term. Rising trends indicate that the currency experiences positive development and that buy interest among investors is increasing. The currency is testing resistance at points 71200. This could give a negative reaction, but an upward breakthrough of points 71200 means a positive signal. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The currency is overall assessed as technically slightly positive for the short term.
