Over the weekend, we saw bitcoin fall into a bear’s market. After a week-long consolidation that had support down around 235, bitcoin fell below this range over the weekend. As we get into a new week, the cryptocurrency remains in bearish action pushing to 223 as we begin the 6/1 US session.
Bitcoin (BTCUSD) 1H Chart 6/1 bitcoin 1h chart 6/1 (click to enlarge)
Some might see that there is a bullish divergence between price […]