Bitcoin’s Worst Days Are Reportedly Over

It’s been just revealed that the worst days for Bitcoin are reportedly over, according to the latest optimistic predicitons. Check out the latest reports below.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $17,833. The other day, the whole crypto market saw a boost in prices amidst the unfolding events regarding FTX CEO, SBF.

It’s been revealed that SBF is finally under arrest by the authorities in the Bahamas.

The optimistic Bitcoin predictions continue to pour into the crypto space like there’s no tomorrow. The other day, we were revealing that Bitcoin and Ethereum have been flashing bullish signals.

Macro guru Raoul Pal said that Bitcoin (BTC) and Ethereum (ETH) are displaying historic signals. It’s also important to note the fact that both crypto assets rest on critical support levels.

The former Goldman Sachs executive said not too long ago that Bitcoin is now the most oversold it has ever been. By saying this, he is implying ultra-high-value opportunities for longer-term investors.

Now, the optimistic predicitons about the price of Bitcoin continue to pour into the crypto space.

Traders use the histogram to spot changes in momentum and potential price reversals.

Dave the Wave stated the following:

“The worst of it is over if the BTC monthly histogram is anything to go by. The technical analysis corrects the sentiment, which swings wildly with depression at the bottom to match euphoria at the top.”

The analyst is also keeping an eye on Bitcoin’s moving average convergence divergence (MACD).

Just in case you don’t know, this is a momentum indicator that could potentially hint at a trend reversal.

According to Dave the Wave, BTC’s weekly MACD remains above a support level that has also signaled the end of the 2015 and 2018 bear markets.

“Despite the recent sell-off, the weekly MACD still remains crossed above its signal line. Technically, a good sign.”