Bitcoin price congestion warns of a 25% breakout by Tony M bitcoin btc cryptocurrencies
within the decline. The overloaded sideways action could set up a new trend explosion targeting zones between $35,000 and $37,000.
The Bitcoin price Relative Strength Index is beginning to show impulsive momentum. There could be short-termin the $30,000 price zone with minor pullbacks before the fireworks occur. A Fibonacci projection indicator surrounding the swing low at $26,500 into the swing high at $ 31,130 projected into the congestion zone at 28,800 provides significant 161.8% and 200% levels in the upper $30,000 levels.Invalidation of the bullish thesis is a breach below the swing low at $26,500.
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