Here is an update on Bitcoin (BTC) ¹ ² ³:
- *Price*: The price of Bitcoin (BTC) is prone to volatile swings and is currently around $63,872.95 per coin.
- *Trend*: The trend is currently bearish, with key daily supports lost and trend reversal points flipped neutral or bearish.
- *Short-term*: Short-term Bitcoin price action is a higher low and continues to mirror a historic corrective structure as we have for the last 8 months.
- *Next two weeks*: The next two weeks could offer a significant move up.
- *RSI*: RSI continues to flirt with the 50-level, if the next 2-weeks indeed see upside, we may see it reclaim 50 for good.
- *Stoch RSI*: Stoch RSI D-line remains over 20, with K-line close to breaking above. Depending on the 2W close we could see both lines drop, but a strong next 2-weeks could trigger another bullish cross.
- *Bullish*: Bullish doji Star, Bullish Engulfing, Three Inside Up, Bullish Hammer and Morning Doji Star are all bullish patterns identified in Bitcoin (BTC) charts.
- *Bearish*: Engulfing Bearish, Doji Star Bearish, Three Black Crows, Advance Block Bearish and Deliberation Bearish are all bearish patterns identified in Bitcoin (BTC) charts.