We are going to be looking daily at Bitcoin (BTCUSD) either on the 1H, 2H or 4H timeframe, sending out short-term updates... Stay tuned and please bless us with your support.
Looking back at the 4H timeframe, the same TF as yesterday, we have a Doji to close Dec. 29.
The Doji when coming up as it is showing on this chart can work as a reversal signal.
Another point in favor of the bulls/recovery is the RSI.
We are seeing Bitcoin trading near "oversold" and this doesn't last long normally.
Bitcoin tends to jump as soon as oversold is hit.
Warning: Futures expiring on Friday (tomorrow). This can be a mixed event so watch out.
Here I am mapping this as a bounce followed by a drop (green then red arrows), but we are hopefully looking at straight up.