Bitcoin has retraced significantly after the recent spike and has been majorly over-sold. The RSI sits at a critical level and the CAMA shows an extreme divergence against the crypto-index. This is the perfect combination for a safe, long entry.
While I am unsure as the extent of this rally, it could break well above the $7000 mark and officially end the bear market.
While I am unsure as the extent of this rally, it could break well above the $7000 mark and officially end the bear market.
Comment:
Next leg up incoming.
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