Potential upside on BTC on multiple timeframes
Weekly Timeframe
BTC is bullish on RSI but is forming bearish divergence. ROC on multiple time periods is also bullish.
Price is making a U formation with increasing volumes
Daily Timeframe
BTC is in the bullish range on RSI and nearing breakout on RSI channel with a Hidden Bullish Divergence which, if negates the Bearish divergence on Weekly timeframe could enforce a move upside.
ROC is also bullish across multiple time periods.
The recent up move was supported with massive volumes
Recently, price also broke price channel and is currently taking support near supply zone. Price is making C&H like structure.
Price movement above the supply zone, respecting the PR support levels could kead to a successful move on the upside.
BTC is bullish on RSI but is forming bearish divergence. ROC on multiple time periods is also bullish.
Price is making a U formation with increasing volumes
Daily Timeframe
BTC is in the bullish range on RSI and nearing breakout on RSI channel with a Hidden Bullish Divergence which, if negates the Bearish divergence on Weekly timeframe could enforce a move upside.
ROC is also bullish across multiple time periods.
The recent up move was supported with massive volumes
Recently, price also broke price channel and is currently taking support near supply zone. Price is making C&H like structure.
Price movement above the supply zone, respecting the PR support levels could kead to a successful move on the upside.
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