Bitcoin Price In Precarious Recovery
Bitcoin price has found structural support in the chart and has started a tentative (but uncertain) advance. Caution into year-end. Price seems to have found support near $400 and 2600 CNY and has been making slow but steady advance in a pattern that is not yet clearly impulsive. It may still be a correction before drawing sideways or even setting up additional decline. Assuming for now that the decline is complete, and seeing that price is advancing, there is an imminent reverse divergence (magenta) to both the 1hr MACD and RSI awaiting price if it advances higher in the chart.
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