📉Dread📈Kong🚀 • December 22, 2022, 8:06 am
Thursday, December 22, 2022
Stocks decouple from the crypto market as Bitcoin struggles below ... - Kitco NEWS
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.
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