Weekly Close of Bitcoin is on the Bottom
hive-167922·@chorock·
0.000 HBDWeekly Close of Bitcoin is on the Bottom
Bitcoin has closed last week at 18800 USD where is the bottom level of close after ATH 69K USD. While weekly close of Bitcoin going down, RSI Indicator is going up... It is nice to see possitive divergence on weekly RSI Indicator.. It is one of good signal that we may be on the bottom of bearish season... Here you can also similarity of RSI Indicator between 2018 and 2022...  Here you can see daily chart of Bitcoin. Bitcoin is trying to close above 8-day moving average... It is important for shortterm trend. When we see close above 8-day MA a few days, Bitcoin price may go up and may break up downtrend line and change the trend...  This week is very important. I said lots of times that we are in last 9 day to see huge moves on Bitcoin chart... We will see... Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@chorock/weekly-close-of-bitcoin-is-on-the-bottom)
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