Bitcoin continues to be in the resistance zone in the range of 58,200 to 64,000 dollars. According to surveys yesterday, the MACD indicator has diverged, and there is a possibility of a fall in prices. For this reason, the Bitcoin cryptocurrency experienced a 5% drop in price the day before, but maintained its uptrend line and returned to the top.
It is still divergent now, and the MACD histogram has not yet reached zero. There is a possibility that the uptrend line will be broken.
As you can see, in the uptrend channel, in the daily opening, the uptrend of bitcoin is slowing down. And the slope of this trend is constantly decreasing. Therefore, there is a possibility of price correction.
But this is not a definite possibility, because the increase in the price of bitcoin these days has been due to the lack of a seller. That means everyone wants to buy. And the price has risen more because of this. Even miners have shown no desire to sell their bitcoins.
It is still divergent now, and the MACD histogram has not yet reached zero. There is a possibility that the uptrend line will be broken.
As you can see, in the uptrend channel, in the daily opening, the uptrend of bitcoin is slowing down. And the slope of this trend is constantly decreasing. Therefore, there is a possibility of price correction.
But this is not a definite possibility, because the increase in the price of bitcoin these days has been due to the lack of a seller. That means everyone wants to buy. And the price has risen more because of this. Even miners have shown no desire to sell their bitcoins.