BTCUSD neutral

Bullish divergence on Bitcoin chart

05 may 2022 94
Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
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Bicoin continues to move in the sideways trend. Recently, the price has reached the bottom level of the diapason at $37500.

Additionally, the bullish divergence of the price and the Stochastic indicator, which has already left the oversold area, is visible on the chart.


So, it’s possible for Bitcoin to rise again to the levels of $42000 and $44000.

Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
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