Bitcoin's Higher Low - At least there is that

There really hasn't been much price action to talk about when it comes to bitcoin over the past couple months.

However, there is always silver linings even in the mundane and lets talk about the one bitcoin has.

What's the Low Down?

Looking at the daily chart above you can see that bitcoin has essentially put in a higher low over the last couple weeks.

Price first had a modest bounce off the new low of 2022 and then after bouncing in the 17k area into 18k we saw a sell off where price maintained the mid 16k area.

Since then price tried to move up, failed and then held that mid 16 area again. Price is now looking to turn up with a bit of a cup forming.

So even though things don't look bullish, a higher low is the first step in bullish sentiment.

More work to be done, but at least there is that.

Posted Using LeoFinance ^Beta