Bitcoin has been in a bearish downtrend for quite some time. Looking at the chart, I want to show you some bullish signs that are starting to appear Bitcoin might head upwards again.
1. MACD is about to cross signal line. 2. RSI is showing bullish divergence. 3. ADX is about to cross lower band. 4. Bitcoin is at a major support line. (bottom blue line on chart)
Swing traders can expect Bitcoin to reach first target of 44k zone. There is a possibility of us hitting second target near 52k zone but economy is very bad so be cautious on second target.