Bitcoin is already in downtrend!
As you can see, there are some undeniable signs of a running downtrend:
1. first of all, the price chart crosses Bollinger's moving average, which in all previous cycles leads to the continuation of the downtrend.
2. Bolinger lines "over-extended" downward, which according to previous cycles, indicates the end of the pump phase.
3. the time duration of RSI remaining in the over-bought area.
I'm waiting for bitcoin to reach between the 15k-20k range in the coming months.
1. first of all, the price chart crosses Bollinger's moving average, which in all previous cycles leads to the continuation of the downtrend.
2. Bolinger lines "over-extended" downward, which according to previous cycles, indicates the end of the pump phase.
3. the time duration of RSI remaining in the over-bought area.
I'm waiting for bitcoin to reach between the 15k-20k range in the coming months.
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