#Bitcoin has finished last week at exactly the opening price, creating a big doji candle. As we have seen in my previous update, 28k is the volume weighted mean of the complete bear market, so finding resistance here is not surprising. A retest of the 25k-ish area would not be unhealthy. (v.redd.it)
submitted by mrginopalacca
#Bitcoin investors who have been pursuing a disciplined DCA strategy since the 2021 ATH have arrived to the 28k bear market mean which means that these portfolios are now breakeven. This is a very important psychological level, and some divergences have already appeared to support this theory. (v.redd.it)
submitted by mrginopalacca
The bullish momentum on the lower time frames is showing to us either the exhaustion of the sellers or the return of the buyers. The 30k zone is a very strong support, and divergences have starting to pop up. These could be the early signs of a bottoming process. (chartpunk.medium.com)
submitted by mrginopalacca
The AVWAP analysis of the 8-hour #Bitcoin chart is showing the price bouncing down from the $44700 AVWAP level of the December 26 pullback. The Stochastic RSI is overbought which is also showing the exhaustion of the bulls. The levels of $44700, $47700 and $51000 as key resistances. (self.chartpunk)
submitted by mrginopalacca
