Get started
Bitcoin / TetherUS
Long
Updated

Bitcoin - Make or Break?

62
Despite a recent dip, Bitcoin's setup remains promising, demonstrating a strong potential to resume its rally!

Chart and Indicators look good for potential break:
  1. Coreltrend continues to be positive;
  2. Impulse MACD shows still strength in rally;
  3. RSI not extended.


  1. Fundamentally, there are no catalysts (January's spot ETF approval and the recent halving event are behind us).
  2. Only further network improvements can help; in fairness, developers have been gradually working to add functionality to the Bitcoin network.
  3. Later, crypto could also get a boost from interest-rate cuts.

Note
Set Up never materialized - cryptos seems to fall apart now...
S_de_Bont
BTCUSDBTCUSDTcryptomarketTechnical IndicatorsTrend Analysis

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.
BTCUSDBTCUSDTcryptomarketTechnical IndicatorsTrend Analysis
S_de_Bont

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.