Based on BTC daily chart, it had rallied to $39k and currently is staying above $38k recently.
Based on MACD indicator, it is indicating a bearish divergence which MACD is having lower high while BTC having higher low.
BTC still needs to break through 2 resistance to confirm it is bullish. First is $41k and the second is $42k and retest above it.
A rejection will bring BTC back down to around $35k support.
Based on MACD indicator, it is indicating a bearish divergence which MACD is having lower high while BTC having higher low.
BTC still needs to break through 2 resistance to confirm it is bullish. First is $41k and the second is $42k and retest above it.
A rejection will bring BTC back down to around $35k support.
