Long Term Bitcoin got rejected from the multi-month descending trendline after failing to sustain its bullish surge. It has also broken down the 50-Day moving average with significant negative momentum. The cryptocurrency is now trading above the $35K support zone. From a technical perspective and because of the uncertainty in macro conditions, the market may...
Although my expectation for an upward trend continues for the long term, these are my thoughts for the short term. Of course, it is impossible for us to know the date ranges.
im still waiting for this to happen, because of; 1- MACD bears weekly 2- There is an RSI divergence on the weekly 3- Volume is too low :( As a result, we need to see the 40-42k band for BTC to reach a new ATH level.