Bullish Divergence means Bitcoin's price is dropping (lower low), but an indicator called RSI is showing more buying strength (higher low), which could be a sign the price might go up soon.
mportant Levels:
Resistance at $62,724: This is a price level Bitcoin needs to break above for the bullish signal to be strong.
Support at $61,216: If the price drops below this level, the bullish signal might not work anymore.
Next Move:
If Bitcoin goes above $62,724, it could mean a good chance for the price to go higher, aiming for $64,231.
Before making any big decisions, check if trading volume increases (shows more buying activity).
Caution: If Bitcoin drops below $61,216, this positive setup could fail, so be careful and manage your risk.
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