Bitcoin Diminishing RSI and BTC.D
Bitcoin latest breakout to its ATH has been relatively weak, especially after going through a long consolidation period after its pervious ATH.
Very important to consider Bitcoin Dominance
BTC.D approaching a very critical zone of 52% where we had a massive correction of 80% during the previous pull market cycle in 2018.
RSI confirms the descending zones once again making bitcoin looks weaker every time it breaks a new ATH.
What do you think, is the bear market around the corner? or Bitcoin will continue to push higher in this market cycle?
Cheers,
QashX
Very important to consider Bitcoin Dominance
BTC.D approaching a very critical zone of 52% where we had a massive correction of 80% during the previous pull market cycle in 2018. RSI confirms the descending zones once again making bitcoin looks weaker every time it breaks a new ATH.
What do you think, is the bear market around the corner? or Bitcoin will continue to push higher in this market cycle?
Cheers,
QashX
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.