After looking at past trends and drawing some crucial support and resistance projections, the charts are telling me that bitcoin has just started a strong bullish run. It has to go above the red trend line and after that there is no stopping bitcoin. On the side of indicators MACD shows a nice curve inwards and RSI shows curving up towards 50 which indicates increasing buying. Volume has finally started increasing to accompany that. I may be way off with my predictions but I feel that the bull rally will stop only after testing the psychological level of 50k USD. This rally will definitely need some boost in the form of some good news like wide adoption of lightning network, increased privacy, increased Bitcoin ETFs or some other good news. In the wake of bad news, the rally could end prematurely.
BTC will time and again prove who is the King in crypto market!!
BTC will time and again prove who is the King in crypto market!!