I can't believe how sideways BTC has been recently. The candle yesterday only had a $150 range which is nuts. Look at how long we've been sideways.
The Bollinger Bands are constricted the most they have been since July 2020. You also might remember that was the start of a pretty good run-up. Check out the RSI and MACD on the bottom. They look nearly identical to now.
I wish I knew what way it was going to break. I'd like to think it will be up, but the traditional markets and current world economic atmosphere makes me pause.
Guess we'll see what happens and it shouldn't be long. What are your thoughts on this? Thanks for reading!
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