Based on the bullish reversal candles (lower shawdows) on today and yesterday, in addition to the fact that btc cannot make a new low, Bitcoin might possibly rebounce in the upcoming weeks.
Just a simple idea that btc is near a resistence area.
Some may argue that linear-scale is useless and untrustable.
But we can obviously see that the resistance and support line on linear scale chart did work.
In these months, the money printing by FED has made investors worried about the depreciation of USD which caused the rockets of Gold , bitcoin and stock prices. However, please be aware of this potential retest pattern in the yearly chart.
In 2014, there was a bullish impluse which brought DXY to be traded above the downtrend line (i.e. the downtrend in the...
