BTC fell to around $44,000, but then recovered in a V shape. The daily RSI has dropped to 47, but in the latest market, the 40s have bottomed out. After lowering it to that level, the price has risen significantly.
In addition, today's rise has dropped 20MA, and as a support in the future, the situation is easy to function.
Furthermore, DXY has stopped, and the adjustment of the stock market has once settled down. It is considered to be a tailwind for the virtual currency market.
If this strength continues and breaks through $52,000. You may see the record high, reaching $60,000.
With expectations gathering for additional US economic measures, the market price from this week to next week. It may be a big development.
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.