{"id":514777,"date":"2023-01-06T10:06:23","date_gmt":"2023-01-06T15:06:23","guid":{"rendered":"https:\/\/uniquehot.com\/?p=514777"},"modified":"2024-06-11T14:35:02","modified_gmt":"2024-06-11T14:35:02","slug":"expect-bitcoin-bullish-divergence","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/expect-bitcoin-bullish-divergence\/","title":{"rendered":"What To Expect As Bitcoin Pictures Bullish Divergence On Chart?"},"content":{"rendered":"
The Bitcoin price has been making a slight recovery on its chart. Although the coin has been consolidating over the past few weeks, BTC has been attempting to make an upward movement. Over the last 24 hours, the coin has registered a 0.6% appreciation.<\/p>\n
Looking at the weekly progress, BTC has been stuck between two price levels of $16,400 and $16,900, respectively. Going by the technical outlook, the coin has depicted positive sentiments, with buyers slowly returning to the market.<\/p>\n
It also formed a bullish pattern on the daily chart, which meant that the price might encounter a recovery over the upcoming trading sessions. The accumulation showed up on the chart, which meant that the coin was experiencing demand over the past trading sessions.<\/p>\n
BTC has also formed a double bottom pattern, which is a charting pattern that resonates with an upcoming major move for the king coin. At the moment, Bitcoin is trading 76% below its all-time high, which was secured in the past year. The market capitalization of BTC also noted an increase, signifying bullish strength building up.<\/p>\n