Bitcoin Ascending Regression Trend (Bullish)
With the recent market dip, most indicators show an oversold to neutral range:
Bollinger Bands: neutral
CCI: oversold
RSI: Neutral
MACD: oversold
Fear and Greed Index: fear
In other words, the market does have room to grow, but it needs market drivers to do so. The FED rate decisions in September might just be the catalyst Bitcoin needs.
If liquidity comes to the markets according to expectations, BTC might end the year in the 66k to 95k price range.
Bollinger Bands: neutral
CCI: oversold
RSI: Neutral
MACD: oversold
Fear and Greed Index: fear
In other words, the market does have room to grow, but it needs market drivers to do so. The FED rate decisions in September might just be the catalyst Bitcoin needs.
If liquidity comes to the markets according to expectations, BTC might end the year in the 66k to 95k price range.
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