$BTC Showing plenty of downward exhaustion

But can we go down another $500, Yes we can, I am watching $7222 as the best case scenario. It would be devastating if we were to go down further. The timing of another bear market and next block halving doesn't add up.

This chart shows the RSI MFI & Finding Bottoms indicator oversold on the daily. What you do not see here is the Stochastic RSI oversold as well. Ad that to the fear and Greed indicator at 12. We were at 11 in December 2018.

The weekly chart which I take more seriously is showing a more Bearish move. I would like the price to close below the lower Bollinger band and a green signal from the MFI like we did in December, but that might not happen until below $7000, But looking @ around $5000 more realistically, and that can take at least a month.

Right now Alts are taking back some dominance with Ethereum and XRP leading the way