Bullish divergence, TD9 'buy signal' align for a new Bitcoin relief rally
Cointelegraph
Published Dec 12, 2020 07:00AM ET
Updated Dec 13, 2020 09:00AM ET
The price of Bitcoin (BTC) has rebounded strongly from sub-$17,600 to $18,400 in the past 24 hours. Now, two major technical indicators are signaling the likelihood for a larger relief rally.
The 4-hour price chart of Bitcoin is showing a bullish divergence just as it prints a TD9 buy signal. Both indicators typically light up when an asset sees a strong sell-off and the selling pressure gets exhausted.
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Written By: Cointelegraph
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