Can Bitcoin Recover Now? End Of Year Rally Early Signals!

It is true that the bears have been shinning and Bitcoin took a timeout from any additional growth.

We've seen red and red...
Aren't you tired?

We want a bullish Bitcoin... Yes or no?

No need to hit LIKE now or FOLLOW... Let's read first and if you enjoy the analysis...


Bitcoin (BTCUSD) Daily Timeframe Chart Analysis | Early Bullish Signals

Bitcoin peaked 10-Nov. 2021 at $69,000.
It crashed by a massive 39% and this correction has been going for 40 days strong.

Bitcoin is the eternal bull.
Bitcoin is always bullish...

Even if we are to get lower prices;
Nothing moves in a straight line, we have to see a bounce and that's exactly what is likely going on.

Let's get technical.

The first "early signal" is the RSI, it hit its lowest level since May 2021 over 6 months ago.

Once Bitcoin hits oversold it normally tends to move up.

The RSI hit these levels and has been in accumulation mode, after accumulation a bullish breakout is the norm.

If you look at the MACD, still on the bearish side but we are early... See it below:
We have the classic bullish cross after a higher low.

Last time we had this signal, with the histogram going green, prices moved up.

Last but not the least is the EMA50 and EMA100 bearish cross.

This is a mid-term bearish signal but when it comes up an imminent bounce can take places as the green arrows show.

It is not only the chart...
I got this feeling telling me that Bitcoin is going up!

Do you agree?
Feel free to hit LIKE now and FOLLOW!

Thanks a lot for the continued support.

Namaste.