Why is Bitcoin price up today?

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Coin Telegraph 18h ago

Why is Bitcoin price up today? - Coin Telegraph

Quick Summary:

Bitcoin shows multiple bullish divergencesBefore its relief rally, Bitcoin’s low time frame (LTF) and high time frame (HTF) charts displayed bullish divergences between price and the relative strength index (RSI) indicator.

Source: CoinGlassBitcoin inverse head and shoulder eyes $88KOn the 1-hour chart, Bitcoin’s price has formed an inverse head and shoulder over the past few days, hinting at confirmation if a candle closes above the neckline of $83,800.Bitcoin 1-hour chart.

Related: Bitcoin high-entry buyers are driving sell pressure, price may ‘floor’ at $70KLikewise, Bitcoin’s recent sweep below its previous lows at $78,150 collected all the existing liquidity on the downside.