An experienced cryptocurrency analyst from Sollmybit gave his new forecast regarding the future value of Bitcoin (BTC). The expert noted that despite the situation in the market, in the last weeks of last year and in the first weeks of this year, he is quite optimistic. In his opinion, the price of digital gold will soon regain its strength.
He stressed that not all technical analysis indicators indicate that Bitcoin is expecting a bullish movement, but there are prerequisites for it. The main oscillators of the cryptocurrency’s price momentum are still quite weak, but the situation could change dramatically.
Important indicators such as moving average divergence and convergence (MACD), relative strength indicator (RSI) and Chaikin’s cash flow (CMF) look depressing. At this minute, they are all indicative of a bearish mood, but it is not all bad.