Bitcoin is still BULLISH
There is a lot of analysis about bitcoin, but I would like to draw your attention to a few :
1. Bitcoin's weekly uptrend (Red Line ) did its job and supported the price .
2. The downtrend in the RSI indicator from September 29 to October 4 broke its downtrend and led to a 70% growth of bitcoin
But there was no PULLBACK in the process, But now you can see the support of the RSI trend !!!
3. You see level support of 0.618 in the weekly time frame !
There is no reason to be afraid .
1. Bitcoin's weekly uptrend (Red Line ) did its job and supported the price .
2. The downtrend in the RSI indicator from September 29 to October 4 broke its downtrend and led to a 70% growth of bitcoin
But there was no PULLBACK in the process, But now you can see the support of the RSI trend !!!
3. You see level support of 0.618 in the weekly time frame !
There is no reason to be afraid .
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