Yesterday, our goal was to come back for the $10.2k level. Unfortunately we ran out of energy in this upward movement. This is noticeable in particular by the formation of several "dojis" indicating a rather strong uncertainty of the market. Also at that time, indicators such as the RSI and Stoch RSI were in the over-bought zone. The next step was predictable => a sharp drop.
What to expect from now on?
Looking back, we can see the formation of an ascending triangle. We can then hope to see the price continue to oscillate until the end of this triangle with a potential upward breackout. (Best of cases)
Let us not forget that the G20 is meeting this weekend and one of the subjects that should be dealt with is the regulation of cryptocurrencies. There is a good chance that the market will remain very volatil til then.
Do you think G20 news will have an impact on the price?
Tell us what you think about it in the comments.
Upvote and resteem if you liked it!
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