BTC Touched 200-Day Average - So What Will Happen?
BTC price touched 200-Day average after It broke RSI resistance coming from January!
I shared a post 5 Reasons For BTC Price May Go Down to 12K USD in 25th June. BTC price was about 33K.
Even though the price is 44K now, my analysis is still valid. I have no doubt about my analysis...
Because my analysis is on the way. I was waiting price to touch 200-day average!
Why is 12K Analysis on the way?
These are chart of 2018 and 2021. It was possible to see 50% pump after 28K. As you see 2018 chart...
- After death cross, 200-day average is greatest resistance. I am waiting for this resistance may turn the trend.
- Negative Divergence is on daily RSI chart of BTC. Price is going up but RSI's top is going down...
My analysis will be dead IF BTC breaks 45K for a few days in daily chart.
Wait and see...
But what about the fundamentals!!!! hahahaha That's what they always say isn't it. However there is some validity if you ask me. Keep up the great work with your blog and thank you for supporting mine. :)
Don't worry. It doesn't go above 45k. At least not for now. It's down from here. The btc. dominance will drop about 12% and then a mega altcoin season will come soon.
Bigger than 2021 altcoin season? New ATH for altcoins?
Yes. I believe so. I will write a post about it soon.