The dead cat bounce is happening now
Updated
See suggested chart. I believe RSI is starting to look bad. Bitcoin has been declined at the daily TF 200MA and it hasn't been able to break the 50k mark. If Bitcoin is decline for the next 2,5 weeks on this important 50k mark, I think it will just drop again back to 32k.
Trade active
50k was hit shortly, but as it seems, Bitcoin is unable to break it. The chance that it is indeed a dead cat bounce waiting to drop back to 32k is bigger then ever!
Related publications
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.