OrriginalCrypto on Nostr: #Bitcoin Daily LOG chart Posted this a few days ago so I thought I'd have a review. ...

#Bitcoin Daily LOG chart

Posted this a few days ago so I thought I'd have a review.
PA got over that line of resistance that would have pushed it into the Squeeze, leading to that apex at end of month.
As a result, providing PA remains above, we can reach 70K before further resistance.
2nd image = MACD ( Yellow and RED Signal line) RSI ( Blue)
Be aware that MACD is on a line that has rejected previously. since March - It is NOT overBought but there is caution to be had.
RSI ( Blue ) is up higher and , again, not overbought but in a zone that has pushed RSI lower.

For me, we can go higher yet but PA is ranging along that line of Resistance we just pushed over. PA is Cooling off with the 4 hour MACD falling Bearish. Thats OK, we have strength. It needs to reset.
What happens when the Eastern markets open will be a deciding factor later today ( CET )