Bitcoin (BTC): May 25 2016

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There is no way to be 100% sure of the end result, but for the time being there are a few key bullish points I must touch upon. On one hand price is what’s most important, and the price is currently coming up against local resistance. But what must be pointed out on the bullish side of things is that there has just recently been an upwards Confirmed Reversal printed and the StochRSI should close over 50 today with ease. More often then not this set-up on the StockRSI leads to it continuing upwards until it reaches oversold.

 

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