Bitcoin is still consolidating and started the day with a drop down to the support area around $9,000.
If the support area holds, we can expect price to go above the flip-zone around $9,500.
If price breaks the support it will likely go further down to the $8,000 support area.
Although the day is just starting, there is a divergence between price and the RSI - price making higher lows, while the RSI is making lower lows.
This divergence could be signalling a potential reversal to the upside but it's too early to tell at the moment.
Good Luck,
CryptoTrendline
If the support area holds, we can expect price to go above the flip-zone around $9,500.
If price breaks the support it will likely go further down to the $8,000 support area.
Although the day is just starting, there is a divergence between price and the RSI - price making higher lows, while the RSI is making lower lows.
This divergence could be signalling a potential reversal to the upside but it's too early to tell at the moment.
Good Luck,
CryptoTrendline