Top indicators for Bitcoin, such as the Stochastic RSI, RSI, and the MACD, are providing very positive signalling for the king of the cryptocurrencies on the weekly time frame. Therefore, some might be wondering why a substantial surge hasn’t taken place yet?
Firstly, the market is the market, and it can be as irrational as it likes, for as long as it likes. Secondly, there are just so many factors that affect the market, that it is just about impossible for anyone to take them all into account and calculate their impact at any given time.