The Crypto Insider Report #4: Bitcoin under 60k. What's next?
tcireport.substack.com
Disclaimer: Everything we write in "The Crypto Insider" newsletter is an x-ray of the industry as we see it, through the lens of publicly available information. We are not financial advisors. After the bearish divergence on the daily chart and the hyper optimism in the market, it was expected that the market would catch its breath a little, and a very good place for bottoming is where the 50 MA on the daily meets the previous support in the 58,500-59,500 area. All the more so as, on the lower time frames (4h chart), there are already bullish divergences with the price already in the oversold area on the RSI. It's the typical setup for a correction ending on bitcoin.
The Crypto Insider Report #4: Bitcoin under 60k. What's next?
The Crypto Insider Report #4: Bitcoin under…
The Crypto Insider Report #4: Bitcoin under 60k. What's next?
Disclaimer: Everything we write in "The Crypto Insider" newsletter is an x-ray of the industry as we see it, through the lens of publicly available information. We are not financial advisors. After the bearish divergence on the daily chart and the hyper optimism in the market, it was expected that the market would catch its breath a little, and a very good place for bottoming is where the 50 MA on the daily meets the previous support in the 58,500-59,500 area. All the more so as, on the lower time frames (4h chart), there are already bullish divergences with the price already in the oversold area on the RSI. It's the typical setup for a correction ending on bitcoin.