Now let’s look at the indicators. is and it is far from the overbought zone. supports the upward movement. DMI is but line falls and it tells us that the bears are not so strong now.
Based on the information which the market gives now, we can consider that Bitcoin is in the beginning of the new uptrend. We must watch closely for price action in the zones at 10000.00 and 12000.00 levels and be ready to join to the uptrend based on breakout signals.
And what do you think about the market? Please, share your ideas in comments.
Zoom out to see where is good entry points :-)
Lightning network running well, world wide adopption getting bigger, so in long term i think price will go up