Are we now headed for correction or continued growth?
In the moments between the bottom and the halving, this period also often coincides with the accumulating phase, where
BTC
enters the oversold rsi, which is accompanied by a local peak or midcycle peak as in 2019.
๐กFrom the point of view of RSI, our situation is more similar to the period before the halving in 2016. Also, at this moment, the price breaks through the baseline on the Kaltner channel and for some time consolidates above it.
Closer to the halving, it goes to the next zone, in our case, such a zone can be 40k+โ๏ธ
In the moments between the bottom and the halving, this period also often coincides with the accumulating phase, where
BTC
enters the oversold rsi, which is accompanied by a local peak or midcycle peak as in 2019. ๐กFrom the point of view of RSI, our situation is more similar to the period before the halving in 2016. Also, at this moment, the price breaks through the baseline on the Kaltner channel and for some time consolidates above it.
Closer to the halving, it goes to the next zone, in our case, such a zone can be 40k+โ๏ธ