bitcoin As we can see on the weekly chart, we are about to see the 50-day moving average cross the 100-day moving average. Every time this situation occurs, the bottom formation seems to be completed and then an upward movement is observed.
Relative Strength Index ( RSI ), we can see that the previous low points (2014 and 2018) were in an oversold state and then the market makers became stronger.
Will history repeat itself once again? I would appreciate it if you would share your views in the comments below. Good luck.
Hello everyone;
As we can see on the bitcoin weekly chart, we are about to see the 50-day moving average cross the 100-day moving average. Every time this situation occurs, the bottom formation seems to be completed and then an upward movement is observed.
When we look at the Relative Strength Index ( RSI ), we can see that the previous low points (2014 and 2018) were in an oversold condition, and then the market makers became stronger.
Will history repeat itself once again? I would appreciate it if you would share your views in the comments below. good luck.