BTC Trend Update 22/04
The support is holding, seemingly unaffected by the oil crash.
The MACD is probably going to cross the 0, however the RSI still looks on the rise.
An interesting thing to observe is that the current support is consistent to the one that BTC found at the end of 2019 and that supported it before the uptrend between January and February.
I think that what we have witnessed over the past month has been a simple reaction to market changes and human activity rather than a proof of any failure in BTC mechanisms or nature.
What puzzles me is the fact that everything has happened so close to the halving, which means that any change that BTC may go through will have to be weighed in the light of recent global changes.
The MACD is probably going to cross the 0, however the RSI still looks on the rise.
An interesting thing to observe is that the current support is consistent to the one that BTC found at the end of 2019 and that supported it before the uptrend between January and February.
I think that what we have witnessed over the past month has been a simple reaction to market changes and human activity rather than a proof of any failure in BTC mechanisms or nature.
What puzzles me is the fact that everything has happened so close to the halving, which means that any change that BTC may go through will have to be weighed in the light of recent global changes.
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