It looks like BTC/USD has found a floor and is starting to rebound from the recent sell-off.
After breaking through an ascending channel pattern the last few weeks, it appears the cryptocurrency has bottomed out and will resume its current bull market.
The MACD is signaling oversold conditions with the potential for major reversal coming soon.
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.