BTC Bullish Signal on Daily Chart
50MA has crossed over 20MA on the daily chart for BTC. A weak bullish signal from RSI divergence was detected plus a reversal indicator from the Bollinger Band squeeze sent BTC to $21000.
We need a confirmation on the daily reversal at $21800 and above, and close above the 50MA line.
Weekly chart still has some downward pressure but if the daily is strong enough to hold above 50MA in the next week or so, we might be in for a new macro trend on the upside.
We need a confirmation on the daily reversal at $21800 and above, and close above the 50MA line.
Weekly chart still has some downward pressure but if the daily is strong enough to hold above 50MA in the next week or so, we might be in for a new macro trend on the upside.
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