Bitcoin Shows Bullish Divergence, Analyst Observes Key Levels
- Bitcoin is displaying bullish divergence on the daily chart, indicating potential price increases.
- The cryptocurrency needs to reclaim $97,700 as support for trend continuation.
- A bull flag pattern on the monthly chart suggests Bitcoin remains in an uptrend.
- The $96,700 level is crucial for confirming a bull flag breakout.
- Bitcoin is consolidating between $93,500 and $104,000 after rebounding from weekly support at $93,500.
- Currently trading at $97,619, Bitcoin has risen by 1.6% in the last 24 hours.
According to a crypto analyst, Bitcoin is showing early signs of bullish divergence and must hold key levels like $97,700 and $96,700 for continued upward momentum. The cryptocurrency’s current trading range is between $93,500 and $104,000.
Source (2.6)https://dailyhodl.com/2025/02/20/bitcoin-flashing-early-signs-of-bullish-divergence-according-to-crypto-analyst-heres-his-outlook/?rand=59076
