Bitcoin put in a hell of a lower wick on increased volume for the last daily candle and rallied, sort of like the stock market did.
Based on these factors we may have seen a short-term bottom and I saw that because unless price gets back above 40K there is no reason to even start talking bullish.
Maybe we get a small bounce or go sideways and up a little into 40K, either way candles like that with volume tend to be bottoms (for atleast a couple weeks) two-thirds of the time this past year.
I speak about it all in the video below...
Short-Term Bottom for Bitcoin?
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Seem like a legit conclusion. thank you. although the events of coming days are hard to predict , but at least we have a overview of what's gonna happen to bitcoin this year. I would wonder to see how would it do at the end of 2022.
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Will be an interesting year for sure. What happens with the stock market will have a large impact.
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