Price currently staying well below the 99 and 200 MA. Indicators still signaling bearish to me. This could be bottom, but unlikely in my opinion, as bears will likely try for one more squeeze.
Can't see price falling below that yellow trend line as it should act as heavy support for the overall price to continue trending upwards on a macro level.
I see worst case scenario as further retracement of about 15%, down to the 5400 dollar area.
Can't see price falling below that yellow trend line as it should act as heavy support for the overall price to continue trending upwards on a macro level.
I see worst case scenario as further retracement of about 15%, down to the 5400 dollar area.