After Bitcoin plummeted to $30,000 it has tried to rally from there.
Last week the GoNoGo Oscillator rose to the zero line and was rejected as price rolled over, coming close to testing those May lows. Now, having bounced a little, the GoNoGo Oscillator is once again testing the zero line from below. Also, the oscillator has made a series of higher lows as price consolidates. Will we see enough positive momentum to break above the zero line which would suggest price could try to move off these lows? Or will the oscillator once again get rejected by zero triggering a low risk NoGo trend continuation icon to appear above price?
