Hi guys!
Bitcoin does not have enough momentum or fundamentals to turn this into a bull run. RSI has been oversold for a week on the daily chart . We will probably see a drop to 5k-6k approx then we have to find support on either the 50, 100 or 200 SMA . Then we will start riding up along with the SMAs (just like last bull run). There are also BTC ETF deadlines coming up in the fall of this year which should give it a solid push.
Get ready!
Bitcoin does not have enough momentum or fundamentals to turn this into a bull run. RSI has been oversold for a week on the daily chart . We will probably see a drop to 5k-6k approx then we have to find support on either the 50, 100 or 200 SMA . Then we will start riding up along with the SMAs (just like last bull run). There are also BTC ETF deadlines coming up in the fall of this year which should give it a solid push.
Get ready!