It shows a hidden bullish divergence on RSI, indicating that the price trend is likely to continue upward.
Additionally, the chart highlights a double bottom pattern on HTF. Bitcoin maintaining support at 0.786 Fibonacci will give it the momentum needed to create a new high.
A new all-time high (ATH) for Bitcoin is expected in the coming weeks.
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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.