Hello Traders!!!!
As you can see in the chart Bitcoin is still holding an ascending Trend Line and the price did not managed to break the support of 20700$ in the last correction.
If you look at the RSI you can see a clear bullish divergence, which usually precedes ans strong movement to the upside.
Taking this in to account i think that the price can manage to hit 26700$ before falling more, this will be a pullback of the previous breakout to the downside of the support (now resistance)of 26.7k.
Regards and Happy Trading.
As you can see in the chart Bitcoin is still holding an ascending Trend Line and the price did not managed to break the support of 20700$ in the last correction.
If you look at the RSI you can see a clear bullish divergence, which usually precedes ans strong movement to the upside.
Taking this in to account i think that the price can manage to hit 26700$ before falling more, this will be a pullback of the previous breakout to the downside of the support (now resistance)of 26.7k.
Regards and Happy Trading.