Bitcoin could retake critical levels and resume parabolic macro uptrend. The odds and indicators are in favor of it.
Price seems to have found and tested firm support between $28K-$32K
A Wyckoff Distribution is about to enter the final phase before Accumulation
A small upward push in price could reclaim the 50D MA
A HTF bearish divergence seen in the RSI could be broken by the recent LTF test of the downward trend
MACD not far from crossing back into + territory
Price seems to have found and tested firm support between $28K-$32K
A Wyckoff Distribution is about to enter the final phase before Accumulation
A small upward push in price could reclaim the 50D MA
A HTF bearish divergence seen in the RSI could be broken by the recent LTF test of the downward trend
MACD not far from crossing back into + territory