Yep with an average price of $17k A BTC broker representative phoned me today stating that it will reach $100k by the end of the year because the high debt levels of most countries will cause a devaluation of their currencies through high inflation. The problem is when or if
Bitcoin has significantly narrowed its swing channel and this is an important signal before… impulse.
Further, just the facts:
– There is no divergence on MACD
– EMA200 is above the price level
– The support area represents several levels from 31K to 28K.
– RSI at 40, it’s too early to talk about oversold. Those who bought at 30 and below are not yet ready to sell out of despair and are waiting for growth, those who bought higher have already sold at 35-40, or they are also waiting for their money back. Buyers, in turn, are waiting for a possible fall, which gave them the opportunity to buy at a lower price. The market freezes and waits.