BTC is currently holding above the horizontal support level. The EMA200 is functioning as a resistance. Additionally, the RSI is situated in the oversold region and is exhibiting hidden bullish divergence.For a robust confirmation of an upward trend, the bulls must successfully break the EMA200. Conversely, if there is a sustained breakdown below the support line, we should anticipate further correction in the market.
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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.