The RSI level has hit <20 in recent crash. The MACD on #Bitcoin has hit the widest spread ever, indicating that this recent crash was the most volatile crash for that particular indicator on multiple timeframes. It indicates where we are in the current status of the markets and that provides the current split between the bulls and the bears. The 4-year cycle fans are saying: this is it, we're now bearish. The other group says: no, this is the best moment to be stepping into the markets. Future will tell, however, it's quite clear that this recent correction shows a remarkable moment to be stepping into the markets. Especially since BTCUSD/GOLD has hit the lowest point in nearly 4 years, where CU/AU is also hitting the lowest levels in 15 years, indicating that the business cycle is still on its lowest point in a long time. Therefore, I do think that the cycle is far from over and that we'll start to see a strong breakout upwards in Bitcoin in the coming period.
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Discover and claim your Clanker airdrops with Purple Rain. miniapp by @mvr
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Crypto prices since Trump took office: $BTC: -13% $ETH: -9% $XRP: -33% $SOL: -47% $DOGE: -62% $ADA: -61% $LINK: -45% $AVAX: -62% $SUI: -70% $TON: -70% $ENA: -58% $PEPE: -75% $APT: -77% $TRUMP: -79% Thankyou Mr. President.
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