Next week will be deciding, but now BTC looking promising
Check BTC on 1W graph. We have 3 weeks of downtrend with astonishing lose in cumulative delta. It was -2.31B, then -1.58B, then -1.83B and this week is only -197M. So trend is week now and possible reversal. We can see some reaction on MA50 1W. RSI on weekly graph is neutral, but never bearish. This week have higher low and doji in support zone.
I think, buyers will have opportunity to make some bounce on next week. But next week will have some volatility because of FOMC meeting.
Technically BTC now ready to bounce up.
I think, buyers will have opportunity to make some bounce on next week. But next week will have some volatility because of FOMC meeting.
Technically BTC now ready to bounce up.
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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.