Likely Bitcoin Top
Bitcoin for the third time in the last few weeks is approaching the $38,000 area that I previously stated in a comment on another’s post that a bull market couldn’t be identified without it breaking above the massive resistance just above $38,000. I didn’t expect it would and I am even more convinced it is NOT going to breakout into a higher leg above this $38,00 zone. This third approach occurs while both the MACD and RSI are showing a weakening profile. It will be interesting to see if in the weeks to come Gold breaks out higher while Bitcoin and stocks correct lower.