Bitcoin (BTCUSD) Support Found? Price Action (11-Jan)

Bitcoin had a huge drop which put us below MA200 (black line) on the 4h chart. Finding support around $3687.2 which is the same level as back in December 27 ( Bitcoin found support at $3686), making this a double bottom .

On top of this signal, we also have an oversold RSI with hidden bullish divergence and several reversal candlesticks , but still to early to say as volume is lacking.

If Bitcoin can test and remain above $3665, then a bounce up is very likely. For a bounce to be confirmed, we need a high green volume breakout… Wait for signal… This is no trade advice.

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