joyfulPaella38276

joyfulPaella38276

Technical Analysis of Bitcoin Current Market Sentiment: As of the latest data, Bitcoin has shown a reduction in momentum, a critical observation made by examining the Relative Strength Index (RSI). The RSI, a popular momentum oscillator, indicates that the buying pressure has been decreasing, suggesting that Bitcoin might be entering a consolidation or correction...

joyfulPaella38276

The bounce-off support is a key validation of a bull flag. Based on this, we will be expecting Bitcoin to now retest 52k-53k resistance.

joyfulPaella38276

Confirmation of bounce-off key support Bull flag is now formed! RSI is flashing back to upward momentum. We are now expecting Bitcoin to break out of the bull flag to retest 52-53k resistance.

joyfulPaella38276

With Bitcoin losing momentum in MACD & RSI. It's highly likely will now breakdown to retest key support lines.

joyfulPaella38276

Bitcoin is in an accumulation pattern, and 50k is proving to be strong support. Expect Bitcoin to consolidate for another 4-5 days before it breaks out.