Bitcoin stays near $38K as RSI breakout challenges 'boring' weekend

showed BTC/USD regaining the $38,000 mark after seeing local highs of $38,740 on Bitstamp the previous day.

Despite its strong"out of hours" performance, few analysts believed in BTC as a firm bullish play without traditional market guidance.in his latest Twitter update. "Looking at $37K to see whether that sustains. If not -> I'm assuming we'll test lows for daily bullish divergence to create. If we hold, we might see a breaker above $38.5K happening. Weekend times -> boring/trappy."

The highs nonetheless continued what looks like a slow return to form for BTC/USD on daily timeframes after itsFor trader, investor and entrepreneur Bob Loukas, strength lay in the pair's multiple closes above the 10-day moving average .makes you think the lows are in now . Maybe an attempt to get back down to $35k area is possible.

Source: Digital Coin News (digitalcoinnews.net)

Better boring, but at the $38k level, than fun, but with a $33k price tag

Boring? I'd say it might be the last opportunity to convert USDT into BTC before it breaks $40,000.

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Please don't ever put legend like Bob Loukas with that guy below, lol. Here's his RSI example, if you waited the last time for RSI to breakout, you would have miss whole uptrend move, people really don't know how to use RSI, putting some trendline on RSI, that's not TA.

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