BTC bounced from the 20 day MA and has since set higher lows confirming the bulls are back in town. I give my Bitcoin technical analysis on February 26, 2018 in the video above
The downside pressure in BTC is still strong but we are getting over extended. With the RSI oversold and price being far extended from the 20MA, will Wednesday which brings a red 9 on the time analysis bring a bottom or at the very least a bounce?
Is this the bottom for BTC? I check out historical BTC charts from 2015, 2016, 2017 which all saw a huge drop leading to a bounce in the middle of January.
BTC price is at the lower BB, a spot from which Bitcoin price has turned around and pushed higher over the last 2 weeks. Is this the short term bottom for BTC?