In my opinion, we will see a big drop in Bitcoin before the new market cycle.. I don't think we saw the bottom, or even approach it yet.. We will wait and see..
Looking at monthly chart, we can see some negative signals.. Firstly; we see TD indicator red2, we clearly see how this indicator works from past to present.. Secondly; 50 reference values seem important in RSI, Bitcoin seems to be below this key value and this is a pretty bad signal.. Bitcoin is moving in a descending channel and is now below the monthly ma50, this is also bearish.. Within the framework of these negative signs, I think the price will decrease to $ 2500, which I mentioned in the chart..
Sometimes you need to break your knees a bit more to jump higher..
Disclaimer: I am not a financial advisor.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
Looking at monthly chart, we can see some negative signals.. Firstly; we see TD indicator red2, we clearly see how this indicator works from past to present.. Secondly; 50 reference values seem important in RSI, Bitcoin seems to be below this key value and this is a pretty bad signal.. Bitcoin is moving in a descending channel and is now below the monthly ma50, this is also bearish.. Within the framework of these negative signs, I think the price will decrease to $ 2500, which I mentioned in the chart..
Sometimes you need to break your knees a bit more to jump higher..
Disclaimer: I am not a financial advisor.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
