Hi friends, hope you are well, and welcome to the new update on Bitcoin ( BTC ).

Hidden bullish divergence:
There is a big hidden bullish divergence on the weekly time frame, as the priceline is forming higher lows but the RSI is setting lower lows.

Broke out channels with bullish divergence:
The priceline of BTC has broken out the channel on a daily time frame with bullish divergence, as the priceline is setting lower high but the oscillators is forming higher high. There was also another small channel formed at the end of the bigger channel and it is also broken out.

2 major resistances:
Now in order to continue the bullish momentum Bitcoin needs to breakout weekly EMA 21 and $52900 price resistance as well.

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Link for Binance exchange, to trade crypto:

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Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.