Could be a small reversal, but possible bull trap. RSI looks to turn bullish. Else look for new bottom at around 4800-5000.
It's important to notice that this bear market is looking strong including the decreasing volume. But Bitcoin hash rate has continued to climb even in this bear market, especially last few days.
It's important to notice that this bear market is looking strong including the decreasing volume. But Bitcoin hash rate has continued to climb even in this bear market, especially last few days.
Note
About to reach support zone. Looking to contest RSI 30, keep an eye on this. MACD is not looking as a reversal though.
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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.