1. The Daily MACD is once again ticking bearish after the previously consistent bullish streak. I believe this is no mere coincidence; multiple factors are having a big play in the way BTC is being affected.
2. The volume oscillator shows us even though there was an increase in volume yesterday, the price of bitcoin was negatively affected. This is no doubt heavily impacted by Whales in the market.
Currently, a lot is going on in the world. Covid-19 has been the leading driver in an economic recession for the UK in the past year, it has had the same effect no doubt on many other parts of the world and even more so. People will get sweaty palms if BTC continues to fall, it's just a game of will power.
We might be seeing a sharp end to the bitcoin bull run of 2020, we might not; data tells me that it is. Good luck in all your trades and play it safe!
2. The volume oscillator shows us even though there was an increase in volume yesterday, the price of bitcoin was negatively affected. This is no doubt heavily impacted by Whales in the market.
Currently, a lot is going on in the world. Covid-19 has been the leading driver in an economic recession for the UK in the past year, it has had the same effect no doubt on many other parts of the world and even more so. People will get sweaty palms if BTC continues to fall, it's just a game of will power.
We might be seeing a sharp end to the bitcoin bull run of 2020, we might not; data tells me that it is. Good luck in all your trades and play it safe!
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