I believe Bitcoin will not follow the price action from the previous cycle and instead carry out a consolidation, bullish pennant, equilibrium formation.
Monthly MACD cross over, heavily bearish forecast for the coming months.
Conclusion: Bullish momentum halted for the short and medium term. Price to consolidate & volatility to weaken over the coming month(s). Price to swing and pivot between trend lines and squeeze before breaking out to the upside.
- Price in equilibrium pattern as it gets squeezed over the coming months
- RSI projection is heavily bearish
- 200WMA forecasted to intercept upwards sloping trend line for potential pivot point
Monthly MACD cross over, heavily bearish forecast for the coming months.
Conclusion: Bullish momentum halted for the short and medium term. Price to consolidate & volatility to weaken over the coming month(s). Price to swing and pivot between trend lines and squeeze before breaking out to the upside.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.