Looking at our Fibonacci retracement we see that BTC has drawn down to the important 0.618 mark and is currently sitting around 46000.
Observing the RSI we can see that BTC strength has declined significantly and has touched the bottom line, meaning a reversal is in order. We are at the beginning of a potentially strong bull market that may take BTC to new all time highs.
The MACD is confirming my reading of the market as we have entered a cross over. Market sentiment is moving towards mass adoption of cryptocurrencies and with BTC leading the way, we will see ETH, and altcoins start rising in value.
In around 3-5 years, I have strong belief that BTC will exceed a valuation of $250k as governments worlwide begin to adopt the use of cryptocurrency in everyday life.
There's been confirmation of VISA and MasterCard intending on making it easier to convert cryptocurrency to fiat currency.
2022 will be a time of even more lockdowns and COVID manipulation, this in itself will push the people toward destabilising the current financial system by using cryptocurrencies more to deal with direct payments.
If you are unaware, take a look at the real estate game and how they are converting the practices over to cryptocurrency.
Here's a free research topic for you Chelle Coin.
Observing the RSI we can see that BTC strength has declined significantly and has touched the bottom line, meaning a reversal is in order. We are at the beginning of a potentially strong bull market that may take BTC to new all time highs.
The MACD is confirming my reading of the market as we have entered a cross over. Market sentiment is moving towards mass adoption of cryptocurrencies and with BTC leading the way, we will see ETH, and altcoins start rising in value.
In around 3-5 years, I have strong belief that BTC will exceed a valuation of $250k as governments worlwide begin to adopt the use of cryptocurrency in everyday life.
There's been confirmation of VISA and MasterCard intending on making it easier to convert cryptocurrency to fiat currency.
2022 will be a time of even more lockdowns and COVID manipulation, this in itself will push the people toward destabilising the current financial system by using cryptocurrencies more to deal with direct payments.
If you are unaware, take a look at the real estate game and how they are converting the practices over to cryptocurrency.
Here's a free research topic for you Chelle Coin.
