BITCOIN IS OVERSOLD?!🤔
Let’s discuss all pros 🔺 and cons🔻 of bitcoin price to bounce back soon!!!
🔺On a daily timeframe we can now see that bitcoin is trading exactly at the dynamic support level.
🔺On RSI it is also at around critical levels which means that we may see bounce back in near future.
🔻Of course there is a room to go even deeper, because according to VPWR we will see major support only at around ~71-73k zone.
🔺Fear and greed index also showing us 16 points and “Extreme Fear” which is good for reversal.
🔺Huge liquidations these days (~$1.5b)
To sum up, we can expect some bounce back in the near future, because price can not go all the way down even on bear markets. Whereas, we are still in a bull😎
DYOR guys and don’t be afraid! We have been through the same situations many times🤷🏼♂️
