Hello fellow traders, this chart points out a few things that could mean prices will rise higher, first the MFI and RSI are oversold. (Even on the daily these levels are quite low for a bull market)
On top of this, we have bullish divergence taking place with price. Bullish divergence is on the bottom, while bearish divergence takes place on the top.
ALSO to note, the BITCOIN fear and greed index shows fear in market sentiment. Since we are in a bull market now, this dip could be bought up fast.
Strictly my opinions, and happy trades!! :)
On top of this, we have bullish divergence taking place with price. Bullish divergence is on the bottom, while bearish divergence takes place on the top.
ALSO to note, the BITCOIN fear and greed index shows fear in market sentiment. Since we are in a bull market now, this dip could be bought up fast.
Strictly my opinions, and happy trades!! :)