Bitcoin has bottomed
Following up my previous idea in which Bitcoin has hit above USD10,000 quickly, then it drops slowly until now.
When you look at the 4h chart, the candles are forming a few long tails, this is usually a bottom sign.
Furthermore, RSI is showing a divergence, in the short term it will rebound.
When you look at the 4h chart, the candles are forming a few long tails, this is usually a bottom sign.
Furthermore, RSI is showing a divergence, in the short term it will rebound.
Note
So far so good, the rebound will consolidate at 7,200. Then Bitcoin will rise again.
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Related publications
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.