💸 Has the
#BTC reached the bottom?
After yesterday's drop, it's necessary to analyze the technical situation on the Bitcoin chart. I'm particularly interested in the daily timeframe due to the closing of the candle.
As we can see, in general, the level around ~$79,000 is holding. Nonetheless, there was an update to the local minimum on the chart 📉.
At the same time, a “doji” formed on the last daily candle with high volume. Additionally, a bullish divergence with the RSI 🐂 is forming between the last lows.
If we see a good bounce from the support in the coming days, we could be talking about a return to the old consolidation above ~$79,000 📊
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