NVT is hovering on the trend line, idealy most bull runs have started when it hits the red dotted line.
BUT like ive said many times, now that futures are a big part of BITCOIN its impossible for any ... ANY one to do a TA.
IF TA works then IMO we need to bounce off that re dotted line, untill then it could be a slow decline
if we also break below that long black trend line then BTC is in a bit of trouble
and alts will follow
just my opinion of course.
bull case, money men still know that bitcoin can make them millions in a year, theres no reason why they cant drag it down then moon it again on a long to near or above ATH, but that could be a while,
BUT like ive said many times, now that futures are a big part of BITCOIN its impossible for any ... ANY one to do a TA.
IF TA works then IMO we need to bounce off that re dotted line, untill then it could be a slow decline
if we also break below that long black trend line then BTC is in a bit of trouble
and alts will follow
just my opinion of course.
bull case, money men still know that bitcoin can make them millions in a year, theres no reason why they cant drag it down then moon it again on a long to near or above ATH, but that could be a while,