Bear Market Channel - BTC
Diupdate
Bear market channel forming.
Chance of going to 30k, 40k, previous ATH... it is possible, just don't hold your breath.
Troubling news for the markets coming. Inflation, China, whatever. Something will trigger a sell off in the markets, and BTC will sell off as well.
RSI and MACd showing real weakness. No one in the mood to buy risk assets.
All of this, IMO.
Best of luck trading. Be patient.
Chance of going to 30k, 40k, previous ATH... it is possible, just don't hold your breath.
Troubling news for the markets coming. Inflation, China, whatever. Something will trigger a sell off in the markets, and BTC will sell off as well.
RSI and MACd showing real weakness. No one in the mood to buy risk assets.
All of this, IMO.
Best of luck trading. Be patient.
Catatan
My timeline was off (per usual), but I mean.... hard to be perfect ;)
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