Bitcoin recently came down below $30,000 and below previous low. Why? After playing with the charts and indicators, I find that there is not enough data beyond 1 month. That said, the 6 month chart shows an interesting find with this new perspective.
- Bitcoin recently dropped to $25,425 giver or take.
- This price is correlated with the RMF on the 6 month where price action could bounce for the bulls.
- Prior bull trends are indicated by a green money flow.
- Twiggs money flow histogram does not show the bull run has started yet.
- BTC Heikin Ashi candles do not show a down trend. The price drop to $25,425 was merely a resistance turned to support.
- The 6 month candle ends the end of June, therefore if bulls theory holds, BTC should see new ATH's soon.
Avange-Lina