Bitcoin Bottom is In
I would say, bottom is in.
- Price touching 200 WMA.
- RSI Below 40.
- Hash Ribbon gave Capitulation signal
- Bitcoin Rainbow Chart says "Basically on Fire Scale!"
Why just 66% down and not 70-80% like previous cycles?
Because of COVID 2020 crash, BTC was not able to reach it's potential ATH.
- Price touching 200 WMA.
- RSI Below 40.
- Hash Ribbon gave Capitulation signal
- Bitcoin Rainbow Chart says "Basically on Fire Scale!"
Why just 66% down and not 70-80% like previous cycles?
Because of COVID 2020 crash, BTC was not able to reach it's potential ATH.
Related publications
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.