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Youtuber Crypto Rover Confirms A Bullish Divergence For Bitcoin

The crypto expert, Crypto Rover confirms Bitcoin is bouncing from a range low in a new YouTube video.The YouTuber expects to see BTC breaking above the last high to confirm...
Youtuber Crypto Rover Confirms A Bullish Divergence For Bitcoin © Mundo Crypto PR Youtuber Crypto Rover Confirms A Bullish Divergence For Bitcoin
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  • The crypto expert, Crypto Rover confirms Bitcoin is bouncing from a range low in a new YouTube video.
  • The YouTuber expects to see BTC breaking above the last high to confirm bullish on the price section.
  • Crypto Rover is bearish about BTC’s value until a new high form in Bitcoin’s recovery.

YouTuber crypto expert, Crypto Rover confirmed in his latest video that Bitcoin has finally achieved a bullish divergence on the daily time frame. He said that Bitcoin’s price is currently bouncing after highlighting a growth projection on Bitcoin’s “legendary” trend line.

Crypto Rover starts off the video by looking at the one-hour time frame for Bitcoin showing the BTC has once bounced from the range low. He stresses that the market should currently be aiming for support for the range low while shorting the resistance from the top side.

The analyst continues that after bouncing from the range low, Bitcoin’s next goal is to be breaking above the $17,000 mark which has historically suffered a lot of resistance in the current market.

However, Crypto Rover clarifies that the range low is not necessarily a good development and can mean danger in the BTC price section since new lows in the market suggest significant weakness, and the time frame indicates a weakening trend as BTC has recently been forming lower highs.

Furthermore, the crypto expert adds that it will not be surprising if Bitcoin continues to see another downtrend in the near future.

Moving forward to the four-hour time frame, the YouTuber cites that Bitcoin’s moving average convergence/divergence (MACD) has been bullish, which has shot the coin’s price section upwards.

Additionally, Crypto Rover expects to see a higher high compared to the last few highs, which can confirm a bullish trend. However, if BTC continues to trend on the current low high, things could get worse for the cryptocurrency.

While a V-shaped recovery can be observed for Bitcoin which could mean a good thing for the overall cryptocurrency market, it nevertheless, offers a weakening structure for Bitcoin. Until BTC breaks above the previous high in the market, the YouTuber chooses to stay bearish on the price section.

The post Youtuber Crypto Rover Confirms A Bullish Divergence For Bitcoin appeared first on Coin Edition.

See original on CoinEdition

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06-12-2022 05:25:01 (UTC+7)

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    EUR/USD 1.049 ↑ Sell  
    GBP/USD 1.2186 ↑ Sell  
    USD/JPY 136.73 Neutral  
    AUD/USD 0.6697 ↑ Sell  
    USD/CAD 1.3592 ↑ Sell  
    EUR/JPY 143.43 Neutral  
    EUR/CHF 0.9883 ↑ Sell  
    Gold 1,781.50 ↑ Buy  
    Silver 22.430 ↑ Buy  
    Copper 3.7885 ↑ Buy  
    Crude Oil WTI 77.37 ↑ Sell  
    Brent Oil 83.03 ↑ Sell  
    Natural Gas 5.624 Sell  
    US Coffee C 163.42 ↑ Sell  
    Euro Stoxx 50 3,956.53 ↑ Sell  
    S&P 500 3,998.84 ↑ Buy  
    DAX 14,447.61 ↑ Sell  
    FTSE 100 7,567.54 ↑ Sell  
    Hang Seng 19,518.29 Buy  
    Small Cap 2000 1,835.79 ↑ Buy  
    IBEX 35 8,370.10 ↑ Sell  
    BASF 47.970 Sell  
    Bayer 53.09 ↑ Buy  
    Allianz 203.00 Buy  
    Adidas 122.06 ↑ Sell  
    Lufthansa 7.766 ↑ Buy  
    Siemens AG 135.44 ↑ Buy  
    Deutsche Bank AG 10.150 Neutral  
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