The chart is quite clear, we had a very similar pattern one year ago with a about the same market sentiment. Bears who didn't buy the dip want it to go down, but there won't be any big dip, because the bulls are back
I think we will soon see a big move to the upside. The Bollinger bands are narrowing, so a squeeze is expected
In my opinion we won't crash down because of the sentiment and momentum. But also, the monthly RSI of bitcoin (not shown on this graph) is not above 80, that has been a clear indicator of big Bitcoin corrections in the past.
I think we will soon see a big move to the upside. The Bollinger bands are narrowing, so a squeeze is expected
In my opinion we won't crash down because of the sentiment and momentum. But also, the monthly RSI of bitcoin (not shown on this graph) is not above 80, that has been a clear indicator of big Bitcoin corrections in the past.