After $2,000 Drop, Bitcoin Could Undergo a Strong Bounce For These 4 Reasons
Bitcoin is primed to bounce due to four technical reasons shared by a technical analyst. These are as follows:
- Bitcoin has formed a four-hour bullish divergence as the asset reaches high timeframe support.
- There is a bullish divergence on a series of altcoins.
- A number of "golden pockets" have formed, which suggest Bitcoin and other cryptocurrencies have reached a healthy retracement point.
- BTC dominance has reached a key resistance level.
