The two most two likely scenarios for BTC

31 Okt 2020

Since we closed above the 2019 highs, it is very unlikely that we fall back below that levels again, at least not in the immediate short term. It seems obvious that we move higher. But it would be equally unlikely that we wouldn't re-test those levels in the near future. The question is now, from where we might retrace. The RSI is still looking good and leaves more space to the upside, so from my point of view, scenario B seems more plausible. Looking forward to your comments.