If you're just starting out in the crypto world and want to understand when the $BTC can really change direction, some signals can help you. Here are the main ones:
1. Keep an eye on the averages
The 50 and 100-week moving averages are like "thermometers" of the trend. As long as the price is below them, the market is still technically weakened. The turn happens when Bitcoin manages to break these lines and maintain itself above.
2. Watch the weekly RSI
This indicator measures the strength of the movement. When it reaches very low levels, it may mean that the market is "oversold" and that a reversal may be approaching. It's like a spring being compressed.
3. Follow the ETFs
Institutional funds are a thermometer of "big" money. When the buying flow turns positive again, it's a good sign. Today, we are still seeing more outflows than inflows.
4. Understand the price levels
· Strong support: US$ 60,000
· Accumulation zone (for installment purchases): US$ 55,000 to US$ 57,000
· First resistances: US$ 78,000 and US$ 87,000
5. Be patient
The moment of "finding the bottom" is full of noise. Many people give up or start hoping for lower prices out of pure despair. The secret is to stay calm and follow the data.