BTC recovered its losses and returned to levels before COVID-19 pandemic, RSI is overbought, stock market "seems to be rallying", governments loosened measures against COVID 19, which all together makes the markets extremely vulnerable for a second shockwave.
In contrary to general belief, BTC and XAU are acting parallel to stock markets and a double bottom expected around 5000 USD per BTC around 1 month.
In contrary to general belief, BTC and XAU are acting parallel to stock markets and a double bottom expected around 5000 USD per BTC around 1 month.
Comment:
Whales seem to "artificially" carry the market upwards. This will only increase the effect of the dump.