mikael2933

Bitcoin Possible Reversal?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Could be a small reversal, but possible bull trap. RSI looks to turn bullish . Else look for new bottom at around 4800-5000.

It's important to notice that this bear market is looking strong including the decreasing volume . But Bitcoin hash rate has continued to climb even in this bear market, especially last few days.
Aug 11
Comment:
About to reach support zone. Looking to contest RSI 30, keep an eye on this. MACD is not looking as a reversal though.
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