Most fundamental and technical indicators support a rise in price in the short term. That's for sure.
But it's not an automatic highway to 130, unless other things change in its favor meanwhile, there are still many unknowns on the way.
What's certain though is that the price is in historically high territories with overbought CCI and StochRSI levels.
These are not conclusive indicators of course, but in the long run, the higher it climbs, the more likely it will drop or be corrected at least.
But it's not an automatic highway to 130, unless other things change in its favor meanwhile, there are still many unknowns on the way.
What's certain though is that the price is in historically high territories with overbought CCI and StochRSI levels.
These are not conclusive indicators of course, but in the long run, the higher it climbs, the more likely it will drop or be corrected at least.
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