POTENTIAL BULLISH VIEW FOR BTC
Historically speaking on the 1 month chart whenever RSI crossed below the 50 mark, it indicated of an upcoming exponential rally.
This indicates that we can potentially expect to find a bottom soon before seeing an exponential upward price action.
However, the world economy has changed quite a bit within the last 2 years, and with the reasonable expectation of an oncoming recession, there is a potential that we will see much more downwards price action before we see a reversal of the downtrend.
This indicates that we can potentially expect to find a bottom soon before seeing an exponential upward price action.
However, the world economy has changed quite a bit within the last 2 years, and with the reasonable expectation of an oncoming recession, there is a potential that we will see much more downwards price action before we see a reversal of the downtrend.
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