The two red days on Monday and Tuesday could be cancelled out as bitcoin and the altcoin market prepare for a bounce. Could this take bitcoin back to test the all-time high?
After a bit of a scare on Tuesday, when $BTC collapsed down to $64,500, the number one cryptocurrency has managed to hold, and is now possibly looking to reverse the losses and regain this lost territory.
$BTC loses bullish trend line
Source: Coingecko/Trading View
Looking at the daily time frame, it can’t be denied that $BTC has lost its bullish trend line which it has bounced from since early February. A daily close on Wednesday below the trend line, and also seeing the price confirm the break is not a good sign.
However, bullish momentum is returning to $BTC as all lower time frame stochastic RSIs have reset, and now the daily stochastic RSI is also almost ready to reset before turning once more to the upside.
The next task for $BTC is to get back inside the triangle formed by the bullish trend
We współpracy z: https://cryptodaily.co.uk/2024/04/bitcoin-and-altcoins-ready-for-a-bounce
