Bitcoin Bottom is In
I would say, bottom is in.
- Price touching 200 WMA.
- RSI Below 40.
- Hash Ribbon gave Capitulation signal
- Bitcoin Rainbow Chart says "Basically on Fire Scale!"
Why just 66% down and not 70-80% like previous cycles?
Because of COVID 2020 crash, BTC was not able to reach it's potential ATH.
- Price touching 200 WMA.
- RSI Below 40.
- Hash Ribbon gave Capitulation signal
- Bitcoin Rainbow Chart says "Basically on Fire Scale!"
Why just 66% down and not 70-80% like previous cycles?
Because of COVID 2020 crash, BTC was not able to reach it's potential ATH.
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