naji_ala3raj

is btc out of bullish momentum?

Short
COINBASE:BTCUSD   Bitcoin
as of 2/5/2023, btc failed to break above 30k$, price action tested these levels multiple times, but bulls are not strong enough to break above, and they proved to hold support at near 27k$, the way i see this going is side ways price action until the RSI recovers completely from the oversold territory, although MACD is showing weakness in bullish momentum, so the price action might go side ways or slightly bearish, till the bulls regain momentum.

not financial advise

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