Bitcoin is experiencing an unhealthy rally.
A healthy rally should be “advance two steps and retreat one”: pull back to the moving averages, digest profit-taking, and have sufficient turnover.
But this wave is a squeeze-driven surge, similar to a “FOMO-driven” move, and its sustainability is questionable.
A healthy rally should be “advance two steps and retreat one”: pull back to the moving averages, digest profit-taking, and have sufficient turnover.
But this wave is a squeeze-driven surge, similar to a “FOMO-driven” move, and its sustainability is questionable.