Hi dear friend
Pay attention to the Bitcoin chart.
1- A double bottom is forming in the bitcoin chart.
2- The bottom of the cash flow index (MFI indicator) is growing and shows a divergence.
3- The dollar index (DXY) is forming a double top.
4- The power of buyers is also growing in the directional movement index (DMI indicator).
Conclusion: Bitcoin seems to be able to grow to a range close to $25,000.
If the American interest rate index is not in an anti-inflationary state, this increase will reach the Fibonacci range of 236/236. It can grow to the range of $28,000.
This is my only opinion. Please share your opinions. I believe, there's always more to learn!
Pay attention to the Bitcoin chart.
1- A double bottom is forming in the bitcoin chart.
2- The bottom of the cash flow index (MFI indicator) is growing and shows a divergence.
3- The dollar index (DXY) is forming a double top.
4- The power of buyers is also growing in the directional movement index (DMI indicator).
Conclusion: Bitcoin seems to be able to grow to a range close to $25,000.
If the American interest rate index is not in an anti-inflationary state, this increase will reach the Fibonacci range of 236/236. It can grow to the range of $28,000.
This is my only opinion. Please share your opinions. I believe, there's always more to learn!