Re-life rally to 30 k
BTC had a perfect rebound on the 200-week SMMA, as mentioned before never BTC closed a week below this metric.
RSI is very oversold and I think we can have a quick rally up to 30 k where we find resistance from the trend line.
this feels like the bottom to me, but with so many bearish catalysts ( Luna crash, Celsius, fed interests rates, Ukrainian war, etc) we can not disclose BTC going to 14 k in the near future has historically BTC retraces about 85 % from the ATH
RSI is very oversold and I think we can have a quick rally up to 30 k where we find resistance from the trend line.
this feels like the bottom to me, but with so many bearish catalysts ( Luna crash, Celsius, fed interests rates, Ukrainian war, etc) we can not disclose BTC going to 14 k in the near future has historically BTC retraces about 85 % from the ATH
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.