BTCUSD - Holding strong and looking for a final BOOM at 45k$ before a drop.

"Simplicity is the ultimate sophistication."

-Leonardo Da Vinci-

BTC/USD

1. Bitcoin keeps hugging the upperside of the trendline, something which if sustained for long will cause an exhaustion in price and a possible reaction to the downside towards 35k$ area.
2. Taking previous price reactions into account we can expect one more push towards new ATH before actually performing any kind of correction.
3. My key areas of interest are 45k$ and possibly even 50k$. In case price does not find enough buyers at this price we can expect a drop towards 37k$ area.
4. MACD has already performed a bearish cross and signals a potential short oportunity in the short term, but knowing how Bitcoin is actually in a massive bullrun we should keep an open mind around this signals.
5. RSI is still hovering around the overbought area and if it can keep it this way we can expect one last push towards 45k$+.

Remember, nobody can predict the price of cryptocurrencies accurately and anybody claiming the opposite is probably trying to claim your attention and your money. Predicting the price of cryptocurrencies is akin to predicting the weather; the further into the future you try to predict, the bigger the deviation and error rate will be. This is due to the fact that in a complex system involving thousands of variables, some which are know and others which remain unknown, an accurate prediction can only happen if every single variable is correctly accounted for.

Chad trader from ClearThoughtCrypto

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