I was wrong about the head and shoulders pattern, but it worked for bitcoin, so this time I will not make any predictions, instead we will look at the indicators and you can make your own predictions
Right now, bitcoin is under the bottom line of the bolinger. Historically, it has hit it 3 times (I marked it with a gray arrow) in the last 4 years. It has always marked the end of a bear market.
The RSI is in the same pips as it was during the covid dump. MACD values are at the bottom of the spring of '21.
Support zone: 29300 - 32000
Resistance area: 38400 - 4000
Right now, bitcoin is under the bottom line of the bolinger. Historically, it has hit it 3 times (I marked it with a gray arrow) in the last 4 years. It has always marked the end of a bear market.
The RSI is in the same pips as it was during the covid dump. MACD values are at the bottom of the spring of '21.
Support zone: 29300 - 32000
Resistance area: 38400 - 4000