When will the meltdown in BTC end?
We had a significant 30% pullback in the price of Bitcoin from the peak. Will it stop?
Lets look at the indicators...
The NVT has been in overbought territory for months, longer than any period in history.
The Stoch/RSI is suggesting a bottom with a rise in the near term.
The ADX is crossing into bearish territory.
The Money Flow Indicator is neutral, but saw an increase in both outflow and inflow of money, it could go either way.
The AO and MACD are bearish
I would expect a pullback to 56k in the coming months then steady up and onwards near and after the halving
Lets look at the indicators...
The NVT has been in overbought territory for months, longer than any period in history.
The Stoch/RSI is suggesting a bottom with a rise in the near term.
The ADX is crossing into bearish territory.
The Money Flow Indicator is neutral, but saw an increase in both outflow and inflow of money, it could go either way.
The AO and MACD are bearish
I would expect a pullback to 56k in the coming months then steady up and onwards near and after the halving
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