Bitcoin Dollar talks
I know this is quite controversial content. But I’ll be as delicate as possible 🙂
Bitcoin has significantly narrowed its swing channel and this is an important signal before… impulse.
Further, just the facts:
– There is no divergence on MACD
– EMA200 is above the price level
– The support area represents several levels from 31K to 28K.
– RSI at 40, it’s too early to talk about oversold. Those who bought at 30 and below are not yet ready to sell out of despair and are waiting for growth, those who bought higher have already sold at 35-40, or they are also waiting for their money back. Buyers, in turn, are waiting for a possible fall, which gave them the opportunity to buy at a lower price. The market freezes and waits.