BTC EOY 2022 Journey
Weekly trend is still on the downward channel meeting the upper line with resistance at $25100. This is further supported with the weak bullish RSI divergence (orange lines) on the daily chart despite bullish RSI divergence on the weekly. (blue lines)
Looking at the Bollinger Band, BTC sits outside the lower band as shown in the circle which further suggest a bearish price action.
BTC needs to see another leg down mid to end of Sept 2022 before a possible reversal if it breaks the upper weekly upper trend line in the last quarter and EOY.
Looking at the Bollinger Band, BTC sits outside the lower band as shown in the circle which further suggest a bearish price action.
BTC needs to see another leg down mid to end of Sept 2022 before a possible reversal if it breaks the upper weekly upper trend line in the last quarter and EOY.
Note
Update on bullish daily chart.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.