On the weekly chart, Bitcoin (BTC) is slightly turning to the bullish zone, however, the trading volume is still low to fix above $10,000. From the other hand, there is a bullish divergence on the RSI indicator and it has not reached the overbought zone yet. In this case, traders may expect a false breakout of the $10,000 mark followed by a decline.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.