BTC: 3-day Chart
On the 3-day chart, Bitcoin has not reached an RSI of 28 since March 2020. The RSI rarely ever falls to these levels.
In the past, when Bitcoin fell below the 200 SMA on the 3-day chart, it typically lasted between 1-6 months.
What I am looking for is either a hard bounce off of the psychological support of 30K, or a capitulation below that with high volume. The high volume would signal a potential bottom.
In the past, when Bitcoin fell below the 200 SMA on the 3-day chart, it typically lasted between 1-6 months.
What I am looking for is either a hard bounce off of the psychological support of 30K, or a capitulation below that with high volume. The high volume would signal a potential bottom.
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