On the daily chart of BTC/USDT we can see that we formed a lower low on the chart but a higher low on the RSI indicator.
What does that mean??
So when that happens it's called a bullish divergence and it means that bears are loosing power and bulls are ready to control the market again.
As of my personal opinion I don't think that we will see lower prices and that only applies if we push back to around 19500 before the end of the month.
What does that mean??
So when that happens it's called a bullish divergence and it means that bears are loosing power and bulls are ready to control the market again.
As of my personal opinion I don't think that we will see lower prices and that only applies if we push back to around 19500 before the end of the month.