Bitcoin / TetherUS
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Bitcoin - Indicators have Cooled Down

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Bitcoin Quick Analysis

There was a panic in the market yesterday related to the USDC. Yes, very big banks went bankrupt, it's understandable. But looking at the chart, all the noise that was connected with USDC looks like another manipulation. Do not forget that the markets are ruled by the emotions of fear and greed.

Indicators have cooled down, which is good, RSI is out of oversold area, usually it is a strong reversal signal, I am not surprised that it will be a turning point for the price and in some time Bitcoin will continue its movement to the levels of $28 - 32k.

Perhaps today there will be new buy signals from my trading indicators.

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