Bitcoin Price May be on The Bottom According to RSI Indicator

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Bitcoin price is around 27400 USD when I write this post. If BTC price close this week this level, Weekly RSI Indicator will touch great support line coming from ever..

It is great support line, Bitcoin has touched 4 times before. If it breaks down, Huge crash will come for Bitcoin..

Ekran Resmi 20220613 00.31.24.png

I thought that it will support price until 2030 but next week will be important for Bitcoin's future.

Bullish trend of Bitcoin coming from ever may be ended next week.

But I dont think so.

When we look before, Bitcoin price went up at least 15% after touching weekly RSI Indicator support line. So, next week should be huge move in Bitcoin price chart!!

Here is monthly Bitcpin price chart. RSI Indicator didnt touched the bottom. So, July may be red candle in Bitcoin price chart and RSI may touch the bottom and we see monthly bottom...

Ekran Resmi 20220613 00.37.52.png

We took more than half of bearish season. It is important to be ready for bottom and next bullish season.

We will see the bottom in a few weeks. Maybe we saw the bottom in Luna crash...

Posted Using LeoFinance Beta

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Do you think Bitcoin will be impacted by the fiat inflation that is happening worldwide? As prices go up for most goods and services, will this tip us into a world recession and if so, how does that change the Bitcoin price? I am looking for an opinion, I know it won't be financial advice.

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(Edited)

Bitcoin is going back to like 12k. Nobody wants to touch a depreciating asset its like the worst thing humans can think of. People hate it when stuff goes down and only down. This is always the argument against Bitcoin as cash, nobody wants to deal with the volatility. The reality is that at some point holding and working for the fiat currency they do will be even more volatile. The script will flip at some point and only then will Bitcoin really shine. Back to the 12k reality and a good 6-9 months of 'its all dead'.

Cant wait for Micheal Saylor to go bust it will be the funniest thing ever. The market can not actually move forward with people like him in it IMO. 'Nothing in life is certain except death and taxes.'

There is nothing Bitcoin can do other than surprise. You think bitcoin going to 100k will be a big surprise? NO

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