Bitcoin is suffering yet another red candle week. Currently sitting on the support of $63,000, bitcoin could break down further. In addition, looking at the big macro picture, the future is anything but certain.
Shouldn’t the bitcoin price go up?
The halving has now taken place, and other than a possible post halving dump, the $BTC price should now be going up, as the king of the cryptocurrencies moves into the final parabolic stage of its bull market. Isn’t this a foregone conclusion?
As Shakespeare said “there is many a slip twixt cup and lip”, meaning that the cup is heading for the lip, but all kinds of things could happen before (and if) it reaches it.
In this case, it would be really difficult to imagine that there won’t be a continuation of the bitcoin bull run once this uncertain period of sideways and downward price action has played out.
Monthly stochastic RSI crosses down
Source: Coingecko/TradingView
That said, zooming right out into the very high t
We współpracy z: https://cryptodaily.co.uk/2024/04/bitcoin-suffering-down-week-macro-picture-uncertain
