Bitcoin enters the covers levels, analyst warns that this is a bear, not Billish – TradingView News

The Krypto Analyst Quinten recently discovered that Bitcoin entered the surge levels. However, analyst dr. Cat warned that, contrary to the public change, this development, not, not Billish, for a water ship.

In X post, dr. Cat said Bitcoin entering the levels of “Super-Medvers” and levels with the exceeded record are “Super-Bullish”. He explained that the oscillator reached covered values, it means that the price of shares was extremely bear, indicating that investors sell their farm.

Why is Bitcoin entering the excessive level levels

The CRIPTO analyst remarked that the oscillators were connected indicators, so they cannot exceed 0 and 100, because they are limited by their mathematical formulas. However, he added that the Bitcoin price can go lower or more. Dr. The cat then alluded to Bitcoin’s bull market, noting that everyone was in the transfer of territory on the Sunday chart.

The analyst said that if the investor was buying too much condition at a lower time frame when Bitcoin is a higher time frame Bikov, this is a good move. However, he noted that he who advises the purchase of a weekly resale under the claim that he was college, because it has no idea what they are talking about.

It is noted that many Altcoyins are covered with a higher time frame and can remain covered while approaching zero, where the analyst, eventually eventually move. Dr. Cat also explained that in the bull market, reselling conditions on daily charts can mark more lower on weekly or monthly charts.

However, in the bear market, prehibular conditions can persevere or just lead to some consolidation more than more. Dr. The cat was then alluded in the Quinten’s chart, which he said that he showed that she had led daily reselling conditions up to a year earlier in different broader market conditions. The analyst warned that he did not discuss whether Bitcoin was in the taurus market or a bear or where he moves, but simply clarifies the misconception of the profanium and overload of the RSI.

In the moment, the btc offer

In the X post, Criptokuant CEO Young revealed that Bitcoin offer is currently greater than its demand at this point, providing a bear for a look for the leading crypto. This supports the idea that BTC is in reverse conditions, with owners who sell their coins, not shopping.

Cripto Analytic Ali Martinez recently discovered that whales take profits during the recent Mition Bitcoin of 9 April. It is worth noting that Ki Young recently claimed that the Bitcoin Taurus Market finished, noting that BitCoin Crypto would testify.

At the time of writing, the price of Bitcoin trades about $ 84,600, in the last 24 hours, according to CoinMarketCAP data.