🅱️ Bitcoin 😮💨 | 100% BULLISH
Sorry for the panic but it caught me by surprise, I never thought it even remotely possible that Bitcoin could go through such a major and devastating crash in such a short period of time, without notice... My God. But everything that has a beginning must also have an end and this is the end of the panic for me, what about you?
Looking at this daily timeframe chart for Bitcoin, BTCUSD, we can see that there is absolutely no reason to panic, in fact, if one looks closer we can see that Bitcoin right now is really, really strong, the current price trades above $20,000 or I should say $27,000 or even $27,500 even though we have a short-term lower low.
The RSI hit the lowest ever in the 1H and 4H timeframes which always work as a reversal signal of some sort... One final but interesting signal, look at the trading volume, a "major drop" but no bear volume can be seen on this chart.
Compare the current volume to November 2022, January 2023 or mid-March and see what I mean...
What I mean, regardless of the short-term, we can expect a very strong price increase... There is always a drop before the rise...
Don't you agree?
Namaste.