IBCI Momentum hits -14.849 🔺 — It’s the lowest bar in 7 months
Last month, the low was not retested, which indicated a reversal signal.
In our last analysis, we emphasized that the next bar would confirm this signal if slowdown continued — and that is exactly what has just happened👀
The trend is for the slowdown to continue in coming months, while #bitcoin price continues to extend uptrend formed since the last low, breaking through key resistance levels.
#BTC #Onchain #CYCLE #bullish $BTC
Last month, the low was not retested, which indicated a reversal signal.
In our last analysis, we emphasized that the next bar would confirm this signal if slowdown continued — and that is exactly what has just happened👀
The trend is for the slowdown to continue in coming months, while #bitcoin price continues to extend uptrend formed since the last low, breaking through key resistance levels.
#BTC #Onchain #CYCLE #bullish $BTC
