Bitcoin showing Bullish Divergence on weekly chart.
On weekly charts BTC is sowing a bullish Divergence. Btc recently rebounded from over sold zone in RSI on daily charts. With this divergence, it seems that BTC could show a bullish rally with next target to be last swing high of $50900.
Keeping in mide Feds hawkish stance and current rally in Dollar index and 10 Year bond yield, this could be a false alert but im keeping my hopes up and believe that BTC could rally again in coming weeks.
Keeping in mide Feds hawkish stance and current rally in Dollar index and 10 Year bond yield, this could be a false alert but im keeping my hopes up and believe that BTC could rally again in coming weeks.
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