Bitcoins (BTC) Breaks Down Significant Supports But We Can’t Ignore This Bullish Divergence


Hi friends hope you are well, and welcome to the new update on Bitcoin

On a daily time frame, Bitcoin has re-entered the triangle which was previously broken out and also broke down significant support of $21.9k. On a 4hr time frame, BTC has also broken down a support of the down channel but there there is a bullish divergence as priceline of the king of all cryptocurrencies is forming lower lows and Stochastic oscillator is setting higher than the previous low. Therefore, due to this bullish divergence, there is a probability that the channel may re-enter the same channel. For a detailed analysis, you can also watch the video.

 

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