I believe the bear market is close to coming to an end. Of course, if there is a final big dump it could be massive. Bitcoin will be bullish, as long the low it puts in is higher than the covid low. That means anything above 4k, will be a higher high in price and lower high in the RSI. Textbook bullish divergence is in play, although max pain could mean bitcoin heads lower.
Commentaire:
RSI length at 14 really suggests there could be more downside