Technical Analysis – BTCUSD extends gains; positive bias in play
Posted on March 27, 2019 at 1:57 pm GMTBTCUSD is approaching again the two-month high of 4032, exiting from the Ichimoku cloud. According to the stochastic some weakness could emerge as it seems to be overbought, however, the RSI indicator is still sloping upwards approaching the 70 level in the 4-hour chart. Should the price extend higher and successfully surpass 4032, it could find immediate resistance at the 4085 barrier, taken from the peak on January 8. Also, an advance above this region would increase speculation that a bullish move is in progress [..]