BTCUSD Possible Bottom?
Observe the descending wedge drawn by the two white arrows. We've been simply testing support and resistance as shown by the highlighted circles. We are currently at the wedge's support (in which there is a lot of volume traded at this rage as it's also support from the last dip from 64k highs), have many supports, and have had a huge volume dump just before this current consolidation stage (just like before). Peep the RSI levels too and compare them to the last bottoms. Metrics are all bullish, several bottom indicators, stocks seem to be reversing as well.
We may consolidate at this range for a while and might even retest the 25k bottom, or we can just breakout out of nowhere and leave everyone waiting behind. I do think we are near the bottom.
Thoughts?
We may consolidate at this range for a while and might even retest the 25k bottom, or we can just breakout out of nowhere and leave everyone waiting behind. I do think we are near the bottom.
Thoughts?
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