Slow bleed in BTC shaking off rest of the HODL crowd from the bubble.
Low volume.
No new capital in-flow.
Sentiment turning bad (Less banter on crypto-Twitter).
NTV signal is shows BTC overvalued.
Fundamentals look strong with copper price supported; Altona deal approved; Production expected within guidelines.
Technicals super bullish: Weekly RSI bounce off support; Price broke up from down trend; MACD signal crossing imminent.
In love with pitchforks now. Long term trend is down within pitchfork. Also diverging RSI supports thesis. Short term trend up until MACD and RSI hitting resistance level.
Sideways wedge pattern breakout will determine the longer term trend. Seeing the bull market in industrial metals, high chance of breaking up. Wait and see for confirmation.
