Bitcoin: Should You Join Now? What is the Next Direction?
Without beating around the bush, this is your entry to be part of the bull run!
Analysis:
A few days ago Bitcoin jumped to 49k and the price was quickly rejected causing a sharp decline to around the 41.5k support zone. This support zone forms a higher-low compared to the previous successive lows of 40.8k, 40.6k, and 40.2k.
This simply means that buyers are pushing the lows higher and the price is consolidating for an impulsive Green move!
Checking the RSI indicator, you can see that the Sellers' strength to push the market further down is quickly plunged into the oversold zone signifying weakness.
In all, the $BTC setup appears bullish! and getting ready for the Moon!
