The_Mummy

Bitcoin bullish divergence rsi daily

BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
Everyone is bearish right now for bitcoin, even though th reality is that there is very strong support at the 26k to 25k level. Also bullish divergence is appearing in the daily rsi. Most probably the price will go sideways creating stronger bullish divergence until mid September when break upwards will happen. Dollar weakness will probably initiate this.
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.