In the recent crash, the RSI indicator has fallen below 20.
The MACD reached its largest price difference ever at this time, indicating that this recent crash is the largest fluctuation of this indicator across multiple time frames.
It reflects the current market conditions we are in and shows the current ratio between bulls and bears.
Supporters of the four-year cycle theory say: that's it, we are bearish now.
Another faction believes: no, now is the best time to enter the market.
The future will prove everything, but it is clear that this recent adjustment indicates that now is a great time to enter the market.
Especially considering that BTCUSD/GOLD has fallen to its lowest point in nearly 4 years, and CU/AU has also dropped to a 15-year low, indicating that the business cycle is still at a long-term low.
Perhaps the Bitcoin cycle is far from over, and in the coming period, we can see Bitcoin make a strong breakout at $BTC
.
