Bitcoin Monthly Time Frame Update

Looking at Bitcoin on the monthly time frame, we have the potential for a positive month.

Last months candle closed as an inverted hammer, which also fully engulfs the previous candle.

The MACD histogram seems to have peaked to the bear side and is starting to curve. I drew an arrow to mark the potential move.

MACD:

The RSI hit an all-time low in January and has the potential to move up.

RSI:

This update is for my Bitcoin Remains Above EMA50 + Weekly TF Update + Altcoins post.

You can find it here:

Make sure to hit like.

Namaste.