Bitcoin has went up exponentially and is in a bullish market structure. Additionally we have weekly RSI at really low levels and totally expect btc to pass 50k. Right now we are in consolidation.
Nonetheless I want to note a a few bearish ideas that have manifested and may manifest.
Although these ideas noted in this chart are bearish - keep in mind that bitcoin is still in a bullish market structure. Bitcoin is continually gaining strength during this correction.
If we are lucky we will reach support #2 and #3.
Nonetheless I want to note a a few bearish ideas that have manifested and may manifest.
Although these ideas noted in this chart are bearish - keep in mind that bitcoin is still in a bullish market structure. Bitcoin is continually gaining strength during this correction.
If we are lucky we will reach support #2 and #3.