Bitcoin - Make or Break?

2024年6月4日

Despite a recent dip, Bitcoin's setup remains promising, demonstrating a strong potential to resume its rally!

Chart and Indicators look good for potential break:

1. Coreltrend continues to be positive;
   
2. Impulse MACD shows still strength in rally;
   
3. RSI not extended.
   

1. Fundamentally, there are no catalysts (January's spot ETF approval and the recent halving event are behind us).
   
2. Only further network improvements can help; in fairness, developers have been gradually working to add functionality to the Bitcoin network.
   
3. Later, crypto could also get a boost from interest-rate cuts.
   

2024年6月15日

註釋

Set Up never materialized - cryptos seems to fall apart now...