As Bitcoin keeps diving for the past few days, we see that the bulls regain strenght on the daily chart as a hammer candle pattern appears.
There might be a potential reversal in the next few days, as the RSI indicates that the currency is oversold right now approaching the 30 mark.
Let's wait for a strong bullish signal to enter trade and take profit at past resistance level.
There might be a potential reversal in the next few days, as the RSI indicates that the currency is oversold right now approaching the 30 mark.
Let's wait for a strong bullish signal to enter trade and take profit at past resistance level.
Trade active:
The bulls have regained control of the market. We can see a double bottom reversal pattern on the 1H chart meaning the price will fly back to the top at its ATH.