XBT/USD weekly range.forecast $540-$650 | daily moving average is still bulllish after the strong spike. Support is at VWAP near $480. Volatility remains high togheter with RSI oscillator now at 92.
Although support is at VWAP near $480 i think that $540 should hold in case of a retracement.
I think that XBTUSD will probably add another 50$-60$ in the current up-cycle before a substantial correction takes place.
In case of a price correction i’m looking at the $480-$540 price range as an interesting buying zone although as i said before $540 should hold.