The same explanation I gave for ETH is the same for BTC.
1st thing to understand that the world is not yet ready for a crypto society. USD is being inflated right now. How does that make sense for crypto to rise as well? They are inversely proportional to eat other. Bitcoin and Ethereum is being manipulated heavy right now. Price left of major liquidity to the down side. Price also never pulled back to the demand area that broke structure. If you understand how the institutions trap retail trader then you will understand the buy move is retail inducement
You can see here as well that there is major divergence as well. BTC IS OVERBOUGHT. How is price going up but RSI is going down? MANIPULATION 100%. If you are investing long term, wait for the 20,000 area to buy long term
1st thing to understand that the world is not yet ready for a crypto society. USD is being inflated right now. How does that make sense for crypto to rise as well? They are inversely proportional to eat other. Bitcoin and Ethereum is being manipulated heavy right now. Price left of major liquidity to the down side. Price also never pulled back to the demand area that broke structure. If you understand how the institutions trap retail trader then you will understand the buy move is retail inducement
You can see here as well that there is major divergence as well. BTC IS OVERBOUGHT. How is price going up but RSI is going down? MANIPULATION 100%. If you are investing long term, wait for the 20,000 area to buy long term