Monthly Bitcoin Analysis
Hi, I hope you're doing well.
On the monthly chart of Bitcoin and the analysis of its Accumulation/Distribution indicator, we can observe that the slope of the A/D line is showing some potential bottoming.
Whenever the slope of EMA and SMA of the line turns positive, we can say the probability of the bitcoin bottom is very high.
But all of this depends on the inflation rate of the US. If FOMC announces that the inflation is tamed and the rate goes down for the first time, a market switch could happen.
Thanks for your time.
Regards, Hashemi.
On the monthly chart of Bitcoin and the analysis of its Accumulation/Distribution indicator, we can observe that the slope of the A/D line is showing some potential bottoming.
Whenever the slope of EMA and SMA of the line turns positive, we can say the probability of the bitcoin bottom is very high.
But all of this depends on the inflation rate of the US. If FOMC announces that the inflation is tamed and the rate goes down for the first time, a market switch could happen.
Thanks for your time.
Regards, Hashemi.
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