Over the last couple of weeks I've made several bullish longer term analyses on Bitcoin. So far, so good!
In this analysis I want to shed some light on BTC's monthly chart, combined with the RSI.
As seen on the bottom of the chart, the RSI follows a clear pattern of ups and downs. With the RSI showing signs of a strong recovery, I'm willing to bet that the December candle was the low of the current bear market.
Yes, the month isn't over and the monthly candle hasn't closed yet. However, I strongly doubt that we're going to go below $15,5k in the next couple of weeks..
Do you think the bottom is in? Share your thoughts🙏
In this analysis I want to shed some light on BTC's monthly chart, combined with the RSI.
As seen on the bottom of the chart, the RSI follows a clear pattern of ups and downs. With the RSI showing signs of a strong recovery, I'm willing to bet that the December candle was the low of the current bear market.
Yes, the month isn't over and the monthly candle hasn't closed yet. However, I strongly doubt that we're going to go below $15,5k in the next couple of weeks..
Do you think the bottom is in? Share your thoughts🙏
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
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🔥Premium Signals: www.fierytrading.com
