Hello,
Bitcoin has been suffering for the past few months and that was completely normal and very healthy for the long run.
As you can see on this chart of BTC/USDT on the daily time frame. We can clearly see a bullish divergence where the price is forming lower lows but the RSI indicator is forming and higher low, which shows that their is more buying power and this divergence usually marks a trend reversal.
I personally don't think that we will break a new ALL TIME HIGH but we might come close to it one last time before the bear market although that isn't the scenario that is most likely to happen.
Bitcoin has been suffering for the past few months and that was completely normal and very healthy for the long run.
As you can see on this chart of BTC/USDT on the daily time frame. We can clearly see a bullish divergence where the price is forming lower lows but the RSI indicator is forming and higher low, which shows that their is more buying power and this divergence usually marks a trend reversal.
I personally don't think that we will break a new ALL TIME HIGH but we might come close to it one last time before the bear market although that isn't the scenario that is most likely to happen.
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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.
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.