Bitcoin is still bearish. Change my mind.

2022年7月26日

Hello, dear TradingView members.
This idea is a Bitcoin discussion.

Many people think Bitcoin is rising, and I wonder what their perspective is.
If you think Bitcoin is going up or showing bullish signs, please leave your charts and ideas in the comments section so we can all use them.

I think Bitcoin is bearish since the price is still in a descending channel:


https://www.tradingview.com/x/93LP2Dyh/


If we look at the Monthly Bollinger Band, we can also see an influential Middle Band moving along, which can be a strong resistance zone for the price:


https://www.tradingview.com/x/At0JsHx3/


Furthermore, for the people who say we have broken the downtrend channel "completely," I do not see any confirmation:


https://www.tradingview.com/x/qAndgnuB/


Now let's see your ideas. Let's have a discussion.

Let me know if you guys have any questions;
I will be more than happy to help.

Good luck, and thank you.