Bitcoin price today 02/09/2024: Bitcoin rises by more than R$10,000 in just 1 day and is close to US$47,000
"The volume for this week's 9.30% increase is insufficient, which could imply a false move that could trap longs. If the current weekly candlestick closes above $45,156, it will create a rally, maintaining the high. But it would also create a smaller low on the Relative Strength Index (RSI) indicator, which is a clear bearish divergence," he said.
Therefore, according to him, investors should keep some "cash to take advantage of the opportunity" in case the Bitcoin price triggers a pullback. For now, key levels to buy the dips include $45,156 and $43,823. A rebound coupled with an increase in buying pressure could send Bitcoin price towards the next key weekly hurdle at $52,062.
Cointelegraph source
