After $2,000 Drop, Bitcoin Could Undergo a Strong Bounce For These 4 Reasons

in DLIKE4 years ago

STEEM POSTS

Bitcoin is primed to bounce due to four technical reasons shared by a technical analyst. These are as follows:

  • Bitcoin has formed a four-hour bullish divergence as the asset reaches high timeframe support.
  • There is a bullish divergence on a series of altcoins.
  • A number of "golden pockets" have formed, which suggest Bitcoin and other cryptocurrencies have reached a healthy retracement point.
  • BTC dominance has reached a key resistance level.


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