Bitcoin just diverged on the weekly timeframe signalling loss of bearish strength.
This could mean positive or bullish fr the crypto market. We have already seen some cryptocurrencies move as high as 50% since the divergence.
Bitcoin which is the market's leading indicator and average has diverged on the Relative Strength Index and on the MACD. These divergences signal a loss of momentum and strength for the bears. This could mean the crypto market is about to reverse.
BNB has broken a significant large timeframe resistant trendline. This could be positive for BNB.
Some pro indicators also show that the market wants to reverse.
Right now, the crypto market is in a state of uncertainty. With divergences happening in the oversold region and falling of big crypto firms, the technical and fundamental signals seem not to confirm each other.
However, get ready to pick some. Start buying a little using the Dollar Cost Averaging System.
