BTC EOY 2022 Journey
Updated
Weekly trend is still on the downward channel meeting the upper line with resistance at $25100. This is further supported with the weak bullish RSI divergence (orange lines) on the daily chart despite bullish RSI divergence on the weekly. (blue lines)
Looking at the Bollinger Band, BTC sits outside the lower band as shown in the circle which further suggest a bearish price action.
BTC needs to see another leg down mid to end of Sept 2022 before a possible reversal if it breaks the upper weekly upper trend line in the last quarter and EOY.
Looking at the Bollinger Band, BTC sits outside the lower band as shown in the circle which further suggest a bearish price action.
BTC needs to see another leg down mid to end of Sept 2022 before a possible reversal if it breaks the upper weekly upper trend line in the last quarter and EOY.
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Update on bullish daily chart.Disclaimer
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