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(Chart by TradingView)
The Ultimate Moving Average of the Bitcoin price fell below $17,000 on January 5-6. The price then rose consistently until about February 8, after which the price moved up and down sharply.
The SuperTrend indicator, on the other hand, was in a buy position from a month ago until a few days ago, when it suddenly moved to a sell position and finally to a buy position again.
Meanwhile, the Squeeze Momentum indicator, which is in a relatively volatile bearish position, seems to be getting stronger again.
Will the Bitcoin price trend continue to rise? And is it really time to buy?
Let's take a look at this Bitcoin price action together.
See also:
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