Bitcoin has made a bullish divergence on the weekly rsi, meaning the price went lower while the rsi is making a higher high. Not only do we see a bullish divergence, the divergence is happening in a falling channel.
The only thing missing is a third confirmation of this bullish divergence. That confirmation can happen in 2 ways:
1: making a lower low on the price, while making an higher high on the rsi
2: makinga a double bottom on the price, while making an higher high on the rsi
The only thing missing is a third confirmation of this bullish divergence. That confirmation can happen in 2 ways:
1: making a lower low on the price, while making an higher high on the rsi
2: makinga a double bottom on the price, while making an higher high on the rsi