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Bitcoin. Weekly chart.
The pump is off 🚀 The RSI is bouncing from its lows. But where does the price go from here?
I'm betting we go to that RSI resistance.
It'll take some weeks for us get there and the price will climb with the RSI.
Whatever the price is when we reach RSI resistance, is likley the top of this move.
Do you see how last time, when that RSI downtrend rejected us?
The price then fell to new lows after..
But... while the price went to lower lows, the RSI made a higher low!! Thats bullish divergence. 🐂
Plus we also made a back test of the RSI downtrend there too!🚀
Both things signaled the very bottom last time.
Lets see what this move brings.