As we can see, in 3-5 weeks from now i.e, 3rd week for Jan to 2nd week of Feb 2023, we are looking at 50 week and 200 week moving average death cross. This has NEVER happened in the history of bitcoin. As of now, it doesn't look like market will go above 24K to avoid this death cross. Hence, the possibility of a never seen before crypto winter. Moreover, you can...
Here are my reasons for a possible reversal for Bitcoin: 1. We see the Shooting Star on the weekly chart. (Possible reversal) 2. We see small bearish divergence on RSI and MF in the weekly chart. ( Possible short term down trend followed by longer term uptrend) 3. No significant correction on the way up to 14K. (Room for a significant correction) 4. Price is...
Here is my short analysis of the current chart: 1. Price is ranging in between the two trend lines and its at the bottom of the trend line right now 2. Price has just touched 50 day MA and will most likely bounce back up 3. RSI is also at a key support level and most likely to bounce back up because it has acted a key level of resistance and support in the...