BITCOIN: BULLISH DIVERGENCE
BTC Update:
The daily and weekly close was at 41.7k. This is negative, and BTC is most likely to drop toward 38k to 40k. However, on the 4-hour TF chart, we can observe something different. Whether you term it a candle of hope or anything else, BTC is forming a bullish divergence. If it plays out successfully, BTC may rally back to 44k or even higher. Nonetheless, before all of this, BTC will need to overcome the 42.7k resistance.
Stay tuned with us for the next update.
Regards,
Team Dexter.
The daily and weekly close was at 41.7k. This is negative, and BTC is most likely to drop toward 38k to 40k. However, on the 4-hour TF chart, we can observe something different. Whether you term it a candle of hope or anything else, BTC is forming a bullish divergence. If it plays out successfully, BTC may rally back to 44k or even higher. Nonetheless, before all of this, BTC will need to overcome the 42.7k resistance.
Stay tuned with us for the next update.
Regards,
Team Dexter.
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