1 BTC = $41.8K USD -- Is it planning to take a nap?
(Chart by TradingView)
Until early December, the Bitcoin alligator was seen slowly but steadily falling from over $60K to about $55K. Then suddenly it fell hard until it reached almost $40K.
Currently, the MACD (Moving Average Convergence Divergence) oscillator is in a bullish position. This means that the price of this asset, which initially fell, has started to bounce back.
On the other hand, the Stochastic RSI (Relative Strength Index) oscillator seems to be in an oversold area. This indicates that the market price of this asset is above what it should be.
At this point, the alligator mouth appears to still be opening downward, although there are signs of closing. Is it still down, or is it planning to take a nap?
Let's continue following the adventure of this bitcoin alligator.
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