Bitcoin made a strong recovery today, after falling to the .618 fib level over the weekend. The selloff saw price fall just below the $10k level. Support was also given by the 50 day ema.
During Monday's trading, price paused at the 50% retracement level and now seems poised to hit the .38 fib @ $11,444. Getting to that level will mean pushing past the 21 day ema and that would be bullish as well.
If this higher low holds, there will also be hidden bullish divergence on the RSI with a higher low on price and a lower low on the RSI.
During Monday's trading, price paused at the 50% retracement level and now seems poised to hit the .38 fib @ $11,444. Getting to that level will mean pushing past the 21 day ema and that would be bullish as well.
If this higher low holds, there will also be hidden bullish divergence on the RSI with a higher low on price and a lower low on the RSI.
