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Cryptovicci
Oct 16, 2022 8:56 PM

Bitcoin towards crucial trend line.  

Bitcoin / United States DollarCoinbase

Description

Sharing some thoughts of what I see.

Bitcoin might be moving towards lower levels and create a bullish divergence on 3D.
MACD looks like it might need another support before breaching out. (Proof of investors coming back to accumulate).

Bitcoin dominance are at levels of 2018, when price started to hit lower lows. Market dominance shows have Bitcoin investors started to acquire again.

Markets are dropping everywhere, stocks as crypto. In a time of energy crisis, experts are Questioning BTC yet again regarding its power usage.
In general bear market view and we are moving sideways at a crucial area.

Comments
SwallowPremium
Absolutely agree with your point of view, thanks for sharing!!
Cryptovicci
@SwallowPremium , thanks a lot for commenting! Pleasure is mine. 🙂
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