Look at that volume! It's HUGE! Could it be showing a trend reversal? I hope so!
When I compare the NASDAQ to BTC, that's what it's saying. Look at what happened in the down markets in 2018 and mid 2019 to 2020. It's very similar to today. We just brokeout of the weekly RSI which is bad news. The pain might continue for a while. If we get above the 0.50 mark, I would sell all my crypto for USDC. I would MUCH rather be bullish but it's not...
Going back up late July. We need a period of accumulation first.
DEFI coins will most likely decrease to their BTC pairs. We need to retest lower support. Bottom late July, early August in my opinion.
It's more likely to go down in my opinion. Bottom early August 2021 I think.
I'm hoping the line goes back down meaning BTC is pumping. But it seems the price might continue going up to touch the trend line above. That could mean a big crash in BTC price. Maybe down to 20-25k$. Let's see...
Will it continue falling or bounce back up? I'm leaning towards a BOUNCE to a new ATH.
Hopefully it's not just a fakeout.