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Thursday, December 22, 2022

RSI Bullish Divergence on Bitcoin to bring back the Bull Market?

RSI Bullish Divergence on Bitcoin to bring back the Bull Market?

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

The RSI is forming a bullish divergence on the weekly chart for Bitcoin , we saw previously at the ATH and the prior high before that, formed a bearish divergence on the weekly chart and resulted in the current bear market that we are in. Therefore, the bullish divergence on the chart above may cause a significant upward movement on the price of Bitcoin , although fundamentals may seem weak.

Via TradingView Ideas https://ift.tt/PRDF2p6

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