Analysis: Bitcoins daily RSI indicator shows a clear bullish divergence signal

2024/07/07 22:05

Odaily News CoinGlass data shows that as of press time, $58,018 is the level at which Bitcoin attracts the most liquidity, and its price is eroding the buy support below $57,000. In addition, from July 4 to 5, the total amount of Bitcoin long positions liquidated exceeded $220 million. After that, the shorts experienced liquidations over the weekend, and trader Daan Crypto Trades noticed that some short positions were closed when Bitcoin reached a local high of $58,500. Other analysts saw encouraging signals from the Bitcoin Relative Strength Index (RSI) on the daily time frame, including bullish divergences. Analyst Wolf YuX wrote: My initial bearish target was $52,000, but it looks like the bulls may be one step ahead of me. The daily RSI indicator showed a clear bullish divergence, and the expanding wedge pattern further increased investor interest. (Cointelegraph)

原文链接
Odaily
Latest news
09:00
Matrixport推出XAUm黄金现货杠杆功能,助力投资者把握市场投资机遇
08:59
Abstract Eco-Coin BIGs market value fell to $5 million, down more than 65% in 24 hours
08:46
Former U.S. Treasury Secretary says the theory that imposing tariffs is good for the U.S. is a fraud
08:35
Analyst: US tariff policy is undergoing a 180-degree turn
08:13
The USD1 stablecoin launched by WLFI has a circulation volume of 108 million on BSC
Recommended Reading