Bitcoin Analysis 4/21/22 Part 2 (High-level Bull Run Analysis)

BTCUSDT Perpetual Contract BYBIT:BTCUSDT

NeutronMan

Bitcoin has been trading within this ascending channel for the majority of this Bull Run. Ascending Channels with decreasing volume is usually bearish . Looking at the RSI , the RSI is starting to stay below the 50 level which is Bearish . With the interest rate hike starting next month, I don’t believe it’s realistic to be extremely bullish right now unless if a bunch of Defi projects start buying Bitcoin to back their stablecoins.

You might be interested in …

Trading View April 17, 2022

100% will reduce the price but don't know where to go

100% will reduce the price but don't know where to go Bitcoin / U.S. dollar BITSTAMP:BTCUSD tienminhnguyen Bitcoin went inside a Bear Flag and a descending triangle appeared. It is highly likely that BTC will […]

Trading View March 18, 2022

BTCUSD ❕ slowed down

BTCUSD ❕ slowed down Bitcoin / U.S. dollar BITSTAMP:BTCUSD Solldy BTC has slowed down growth, a correction is possible. I expect the movement to continue until resistance. Have a nice trade! Your Solldy

Trading View April 8, 2022

ATOM Cosmos is in a Consolidation Phase

ATOM Cosmos is in a Consolidation Phase Cosmos / TetherUS BINANCE:ATOMUSDT helo_world_bots ATOM price is likely to range between $22 and $35. The trend direction of PVT is diverging from price direction. I have selected […]