Weekly Range Update

BTCUSD daily chart

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.

Italian version of this article here at bitchanger.com

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