#Bitcoin Bounced up fast from its triangle pattern lower level at 43000$ and closed weekly and monthly candle above its support level there and have been tracking this morning after having a high point at 49469$ in the last move.
Bitcoin trading volume has been growing for the last session, which is not surprising as BTC seems to be bouncing back. Technically, it became Negative-Neutral at the daily frame for the moment while over a 4-hour frame, the indicators are positive. In addition, we can observe a bearish divergence. We only become positive again when BTC passes the major resistance area at 49200-50700$ and consolidate above that zone.
SOURCE: TRENDING VIEW