BTC's Nice BounceBitcoin had a bad day. So did everything else. This was one of the worst days in recent memory for stocks, the Dow Jones is on a historic downturn and volatility rose dramatically.
And Bitcoin is still $102,000.
Think about that.
From a technical perspective, Bitcoin looks great. We now have more potential hidden bullish divergence with RSI, price bounced RIGHT at support and closed back above $100K.
Nothing here scares me, and the market’s first reaction to the FOMC or other news is usually wrong.