Lots of FUD given the recent BTC dump.
Rightfully so as BTC has been on fire for the past several months and is due for a cool off period.
The big question is whether that cool off period is starting now.
Looking at the RSI and MACD on a daily chart shows BTC has been losing momentum for some time now.
The RSI just touched on a trend that was started back in mid January. This could signal a reversal in the short term if it can reverse course.
If it does I think it can make one final push to 70 thousand before a real correction begins.
The next few days will be crucial in knowing the short term direction of BTC.
Stay vigilant!
BTCUSD
Rightfully so as BTC has been on fire for the past several months and is due for a cool off period.
The big question is whether that cool off period is starting now.
Looking at the RSI and MACD on a daily chart shows BTC has been losing momentum for some time now.
The RSI just touched on a trend that was started back in mid January. This could signal a reversal in the short term if it can reverse course.
If it does I think it can make one final push to 70 thousand before a real correction begins.
The next few days will be crucial in knowing the short term direction of BTC.
Stay vigilant!
BTCUSD