Saturday, June 7, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Bitcoin price remains resilient despite the US dollar’s strength. A bullish divergence with the RSI supports Bitcoin’s price action.

September 28, 2023
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E Mail


Bitcoin value stays resilient regardless of the US greenback’s energy
A bullish divergence with the RSI helps Bitcoin’s value motion
The horizontal consolidation is likely to be a part of a bullish flag sample

That is the final buying and selling week of Q3 2023, and traders have already got plans for the final quarter of the yr. Bets are made each methods of the greenback, particularly since September introduced such a robust rally. 

As an illustration, EUR/USD traded right this moment under 1.05, because the bearish development from 1.12 continued. A lot of the decline was in September. 

Buyers purchased the greenback and dumped shares. In spite of everything, the Fed remains to be restrictive and talks hawkish. 

However in all this robust greenback surroundings, there may be one market that, surprisingly, was (comparatively) secure. 

Bitcoin. 

Bitcoin chart by TradingView

Bullish divergence with the RSI helps Bitcoin’s bullish case

Bitcoin rallied firstly of 2023, leaping from under $17k to above $30k in April. However after that, a horizontal consolidation began, and Bitcoin couldn’t rally anymore. 

Nevertheless, by staying comparatively flat and holding on to most of its beneficial properties, Bitcoin reveals energy not seen in different markets. When the US greenback rallied, Bitcoin held the bottom all this time, albeit it did appropriate a bit from the yearly highs. 

A fast have a look at the Relative Energy Index (RSI) reveals a bullish divergence that fashioned just lately. It helps the bullish case for Bitcoin, and now all eyes are on the higher fringe of the horizontal channel. 

Talking of the channel, it might be a part of a bullish flag formation. If that’s the case, a bullish breakout needs to be adopted by a measured transfer equal to the rally seen firstly of the yr. 

Share this articleCategories



Source link

Tags: ActionBitcoinBitcoinsBullishdivergencedollarsPriceremainsresilientRSIStrengthSupports
Previous Post

Cosmos gave up all of its 2023 gains and some more. The $15 level acts as a pivotal one.

Next Post

SEC Dashes Hopes As It Delays These Two Ethereum ETFs Despite Unique Approach

Related Posts

XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH
Analysis

XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH

June 6, 2025
XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?
Analysis

XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?

June 6, 2025
Over 60% of Pump.fun wallets lost money: report
Analysis

Over 60% of Pump.fun wallets lost money: report

June 5, 2025
Price Slips Further, Investors on Edge
Analysis

Price Slips Further, Investors on Edge

June 5, 2025
XRP Price Dips to Support: Is a Bullish Rebound on the Horizon?
Analysis

XRP Price Dips to Support: Is a Bullish Rebound on the Horizon?

June 5, 2025
SPX6900 price surges as Bitcoin Pepe momentum accelerates
Analysis

SPX6900 price surges as Bitcoin Pepe momentum accelerates

June 4, 2025
Next Post
SEC Dashes Hopes As It Delays These Two Ethereum ETFs Despite Unique Approach

SEC Dashes Hopes As It Delays These Two Ethereum ETFs Despite Unique Approach

BitMEX may offload $100M digital assets amid insurance fund reallocation

BitMEX may offload $100M digital assets amid insurance fund reallocation

What Is Toncoin (TON)? Everything You Need To Know

What Is Toncoin (TON)? Everything You Need To Know

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In