₿ Bitcoin Lacks Strength For Growth ₿

₿ Bitcoin Lacks Strength For Growth

₿ Bitcoin has found support in recent days at 0.618 of the entire upward wave from the bottom.

₿ But what concerns me is the lack of any reaction.

₿ This accumulation more heralds, for me, a continuation of the declines than of the increases.

₿ There is one more strong support zone ahead of us near 16k, maybe only landing there will trigger some reaction.

₿ Looking at the MACD and RSI I do not see any strength for the continuation of the upward movement at the current moment.

₿ The scenario I am playing out is to expect declines to the support zone marked on the chart. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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