BTC ready for retrace?

12 thg 1, 2022

Past events indicate that BTC might be starting a retrace as we speak. Look at the indicator at the bottom. The last time we saw a bullish divergence (indicated by green line between the bottoms) was right before bitcoin started to go back to the upside. I now have reason to believe that the bitcoin bottom for this pullback is in and the retracement can come in now. The retrace will likely take us back to the .702 of this correction, where the market will turn around again, since we have been in a bitcoin bear market for two months now. During the retrace the altcoin market will most likely experience significant growth, that we have seen at this stage in previous bull cycles.