BTC back to $36400-$38400 range

10 Feb

I think BTC may move above the previous high to complete the bearish RSI divergence, possibly as high as $53000 to reach the top of the channel, before correcting to around $36400-$38400 before the bull run, picking up the long term weekly trend line. It's showing signs of short term exhaustion, and look at what the daily RSI is doing. I expect a reasonable correction before it takes off later this year. Not going to short it but will wait. Not financial advice.