Weekly Range Update

XBTUSD daily chart
XBTUSD daily chart

XBT / USD weekly price range of $700-$800 | For this week the main resistance is the second price deviation line above the VWAP at $800 while the support I believe it is valid the VWAP itself at about $ 700. The average daily RSI oscillator is not giving significant indications, it continues to remain above the mid point of 50 confirming the moderate bullish tendency. The RSI on the weekly chart is overbought but is just above the threshold of 70, it may still report the formation of a Top not having the bitcoin still broke decisively the $790 resistance on the weekly chart.

In cases of extreme drop support is the price zone between $485 and $570.

Italian version here at bitchanger.

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