The recent correction/crash on $BTC made the lowest RSI in nearly two years.
It made the lowest MACD ever.
It's the most undervalued compared to the fair price (there's a gap to $160K based on that).
All those things combined should be realizing any investor that the chances of a revisit of the lows are significantly low compared to a fast run back upwards.
On top of that, the moment the markets break through a crucial resistance point, things can easily accelerate as there's a ton of short liquidity ready to be liquidated on the way up + a lot of USD on the sideline waiting for confirmation.
We've seen this happening in previous cycles, and that's why I don't think it's wise to fully bet on the outcome that the markets are definitely going to go lower.
I think that the chances of the markets to rally up fast have significantly increased. #BTC #news #crypto
PLUS: 🔹ADP Jobs Data 🔹Fed Rate-Cut Expectations on the line
But the STAR OF THE SHOW? 🔹Ethereum’s FUSAKA Upgrade, ~ December 3 A massive scalability + efficiency overhaul that could reshape the entire ETH ecosystem.
This week has EVERYTHING. Bonds, stocks, crypto… all about to MOVE.