Updating the analysis that I posted here yesterday, Bitcoin has shown some good bullish signs. Signaling that it will cross the $10k psychological resistance and to the normal resistance of $10,500. If this one more move upwards makes the MACD rise above the 104.78 level that was created yesterday (2/5/2020), then it is possible that the upwards moves can still happen. Maybe to the $12,300 resistance level.
Otherwise, if the MACD doesn't surpass the level that was made yesterday, then that is a clear bearish divergence on the 30 minute chart. That only means that in the short term, Bitcoin will need to see a little lower before reaching higher towards the $12,300 level.
Also, here is the analysis that I posted here yesterday for context: https://steemit.com/btc/@divingman25/bitcoin-short-term-analysis-february-5th-2020
If you liked this analysis, upvote & go subscribe to my podcast on YouTube where I post weekly market updates and crypto news: https://www.youtube.com/channel/UC8i0EY5M_9NKdYMnS2Y0yqw
