Bitcoin price is trapped in the sideways channel and still remains under 200-day MA, which makes the situation quite bearish for now. BTC has ton of volume within this price range and VPVR indicates that the next move to either side would be a drastic 25% to the upside or 35%to the downside.
Looking at MACD indicator on a daily time frame, the downside pressure that was quite strong recently is now almost completely gone. It signals that bitcoin is potentially very close to a momentum shift, to the upside.
Looking at MACD indicator on a daily time frame, the downside pressure that was quite strong recently is now almost completely gone. It signals that bitcoin is potentially very close to a momentum shift, to the upside.