MACD oversold on the 1hr, 4hr and the daily looks primed to come back into the green. RSI also oversold on the hourly and daily. Bulls are still there otherwise we would've dumped harder by now. More dump ahead but no further then 35k in my opinion, however if we do I think dead bottom is already in at 30k so we at least make a higher low.
(COPIED) MACD oversold on the 1hr, 4hr and the daily looks primed to come back into the green. RSI also oversold on the hourly and daily. Bulls are still there otherwise we would've dumped harder by now. More dump ahead but no further then 35k in my opinion, however if we do I think dead bottom is already in at 30k so we at least make a higher low.
MACD oversold on the 1hr, 4hr and the daily looks primed to come back into the green. RSI also oversold on the hourly and daily. Bulls are still there otherwise we would've dumped harder by now. More dump ahead but no further then 35k in my opinion, however if we do I think dead bottom is already in at 30k so we at least make a higher low.
MACD oversold on the 1hr, 4hr and the daily looks primed to come back into the green. RSI also oversold on the hourly and daily. Bulls are still there otherwise we would've dumped harder by now. More dump ahead but no further then 35k in my opinion, however if we do I think dead bottom is already in at 30k so we at least make a higher low.
My take on where we are in the market cycle... Retested the logarithmic breakout to near perfection (I highlighted a similar move from the 2017 run). Green boxes signify bitcoin halving while red dots represent cyclical tops. If anything, 130k $BTC still feels conservative.
I'd like to see us touch the top of the trend line before breaking back to the downside but I don't see where all this bearish sentiment is coming from, we're trading in a trend.
