Breaking

CME targets May launch for 24/7 crypto derivatives trading Voltage rolls out USD-settled Bitcoin Lightning credit line for businesses Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 4.371 Million Tokens, and Total Crypto and Total Cash Holdings of $9.6 Billion Bitcoin’s consolidation nears ‘turning point’ as $70K comes in focus: Analyst

Trading View May 4, 2022

Bitcoin is already in downtrend!

Bitcoin is already in downtrend!

Bitcoin is already in downtrend!

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

rahamb

As you can see, there are some undeniable signs of a running downtrend:

1. first of all, the price chart crosses Bollinger’s moving average, which in all previous cycles leads to the continuation of the downtrend.
2. Bolinger lines “over-extended” downward, which according to previous cycles, indicates the end of the pump phase.
3. the time duration of RSI remaining in the over-bought area.

I’m waiting for bitcoin to reach between the 15k-20k range in the coming months.

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