Despite the FTX affair wich caused a new low, I believe BTC is ready to rise again due to bullish technical factors:
- many bullish divergences in W, 3D, D, 4h
- end of the big falling wedge (throwback completed)
- new small falling wedge (dashed lines)
- historical technical supports (Price, MACD, Disparity index)
- blue pill (Hash Ribbons indicator)
- bottom found (Puell Multiple indicator)
- reversal signal (Network Value to Transactions ratio)
Of course, in the event of another major crisis, BTC will fall sharply again.
- many bullish divergences in W, 3D, D, 4h
- end of the big falling wedge (throwback completed)
- new small falling wedge (dashed lines)
- historical technical supports (Price, MACD, Disparity index)
- blue pill (Hash Ribbons indicator)
- bottom found (Puell Multiple indicator)
- reversal signal (Network Value to Transactions ratio)
Of course, in the event of another major crisis, BTC will fall sharply again.
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