BitcoinUpdated Bitcoin weekly MacD cross incoming compared to fibs and trends
The bitcoin weekly cross could cross by next week. That being said, in the past these crosses have been very profitable and the .618 retrace comes in around 58k but bitcoin has some major head winds. RSI is trending down and we show major bearish divergences on the macD. I would expect a rally after this last multi month sell off. Time will tell.
Note
Bitcoin is still unable to break above the resistance line. It may not get back above this line until we push through this bear market and finally capitulate. Then we can start a new bull market.Note
Still in play nothing has changed but RSI and it's all bearish. Capitulation soon!
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