SEC lawsuit news created this huge FUD momentum and the price crashed.
But looking at the daily time frame, we can spot a regular MACD divergency which is considered a bullish signal for a trend continuation. Since we're in an uptrend (price above EMA, monthly resistance broke, invalidation of the bear market back in August) and we're getting the regular divergence, this is a sign of imminent pump.
Also keep in mind that bitcoin seems to have finished the retracement and it's challenging again ATH.
But looking at the daily time frame, we can spot a regular MACD divergency which is considered a bullish signal for a trend continuation. Since we're in an uptrend (price above EMA, monthly resistance broke, invalidation of the bear market back in August) and we're getting the regular divergence, this is a sign of imminent pump.
Also keep in mind that bitcoin seems to have finished the retracement and it's challenging again ATH.
Comment:
LOL