Bitcoin is located in a range area. Is the rise of bitcoin a correction in a downtrend or a reversal to the uptrend?
Although a positive divergence can be seen in the RIS, I think it is too early to conclude that the bitcoin trend will change.
Bitcoin continued to decline over the past few days by reacting to the moving average of 40 as expected (see link below).
The uptrend of the last two days is, in my opinion, a correction in the downtrend at the moment, and in order to accept it as a stabilized uptrend, it has to break up the resistance at $ 45,000.
Although a positive divergence can be seen in the RIS, I think it is too early to conclude that the bitcoin trend will change.
Bitcoin continued to decline over the past few days by reacting to the moving average of 40 as expected (see link below).
