$BTC
is starting to look interesting again.
The weekly RSI bullish divergence has played out, and $BTC has reclaimed both the 20 and 50 weekly EMAs. The $57K area is also holding as a potential cycle bottom.
But I’m not calling the bottom just yet.
The key level is $82,850. A weekly breakout and sustained move above it would give bulls much stronger confirmation.
Until then, this could still turn into a bull trap.
Watching the weekly close closely.
is starting to look interesting again.
The weekly RSI bullish divergence has played out, and $BTC has reclaimed both the 20 and 50 weekly EMAs. The $57K area is also holding as a potential cycle bottom.
But I’m not calling the bottom just yet.
The key level is $82,850. A weekly breakout and sustained move above it would give bulls much stronger confirmation.
Until then, this could still turn into a bull trap.
Watching the weekly close closely.
