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Bullish Divergence

Oleh Rogez
The Bitcoin price has created a lower low but the RSI hasn't followed hence creating a higher low which shows us there is a bullish divergence expected. Crossover on the MACD further confirms this momentum switch. I'd expect us to potentially push price back towards the $45300 level before we see any further price movement downwards. We also could break this resistance and confirm the bullish scenario again back towards 50k.
Bitcoin (Cryptocurrency)Bullish PatternsChart PatternsTechnical IndicatorsLONGmacdcrosspumpresistance_levelrsi_divergenceTrend Analysis
Rogez

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