As per my horrible TA, BTC
is showing signs of a bearish
divergence, specifically in the RVGI indicator. Bulls seem to be trying to muster up some strength to try and gain some ground in the daily green candles. Original resistance was broken through, but hammered down back under. Teal ray shows previous support siding with the original push through of resistance. Yellow ray indicates legacy support. Still within wedge
, but hopeful we don't go to 7k. Lightining Network, and its ever expanding nodes might help with the fundamentals of Bitcoin
, and turn it around eventually, but until LN comes online and delivers on its promises of scaling and "lightning" speeds, we won't know for sure!
Critique is always welcome!