bitcoin It fell back to $23,300 with a 2% depreciation before tomorrow’s inflation data.
We think it is reasonable to see some sales before the most influential data in the Fed’s decision on the rate of increase.
bitcoin popular analyst as it drops back to $23,300 PlanBA share came from.
Bitcoin monthly RSI The analyst, who shares an indicator that works according to the value of this indicator, in the 11-year return test. A 10-fold rise performance He said he offered.
“Buy Signal at $23.300”
The analyst stated that this indicator formed a buy signal at the level of $23,300 as of the close of July.
When we look at the chart, we see that the analyst was right and after this indicator turns green, Bitcoin entered a nice uptrend in the medium and long term.
If the 10x bullish performance continues, it means that Bitcoin could rise as high as $230,000 in the next bull market.
Will PlanB’s indicator perform well again? we don’t know that.
The fact that this indicator gives a buy signal and turns green does not mean that it will not decrease again, because it should not be ignored that the chart is monthly (long-term) and some retracements were seen after it was green before.
However, this and many on-chain data signals good opportunities for long-term investors in Bitcoin.
*Not Investment Advice.
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