Bitcoin has been retreating from its all time highs. The momentum is negative, which means we can still expect more lows. The good news is that it started to form a positive momentum divergence, which basically means the acceleration towards the downtrend is slowing down, and a possible reversal is in the making. I don’t see a good timing to start a position, I would just wait until the momentum becomes positive and it goes in convergence with the trend. At this time it’s just a wait and see.
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