Bullish divergence exists on the daily chart. The price has formed lower lows but the RSI has higher lows. Currently, the stochastic RSI is in the overbought zone but I think buyers will regain control of this market in the short term. The first major resistance is at $6k.
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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.