After recent bearish moves BTC rejected strongly of the 40k region and now the RSI shows bullish divergence on 1D and possible momentum shift on the 4h.
Meanwhile there is no volume and the price keeps dipping down. The price has to bounce again - the question is if it will get rejected again at 45 k - or go higher to 50k and beyond.
Rejections at 45k and 50k are both bearish scenarios in my opinion, while new high would be great news for bulls.
Meanwhile there is no volume and the price keeps dipping down. The price has to bounce again - the question is if it will get rejected again at 45 k - or go higher to 50k and beyond.
Rejections at 45k and 50k are both bearish scenarios in my opinion, while new high would be great news for bulls.