The elephant in the room. Could BTC have met its local top?
When in doubt zoom out.
And when you do, and you draw a trend line from the past 2 cycle peaks - you see that we have grinded into the trendline.
I do believe that one day we will probably break this line, but i think that happens with some kind of super adoption of BTC into daily lives.
As it stands, RSI and price seem to be rolling over.
And when you do, and you draw a trend line from the past 2 cycle peaks - you see that we have grinded into the trendline.
I do believe that one day we will probably break this line, but i think that happens with some kind of super adoption of BTC into daily lives.
As it stands, RSI and price seem to be rolling over.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.