BTC is once again gaining momentum after a minor correction, finding support along a horizontal level. The RSI is indicating a bullish divergence. For a strong bullish confirmation, the bulls will need to successfully breach the descending trendline. Conversely, a sustained breakdown of the critical horizontal support would confirm a bearish trend.
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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.