Corona virus has created severe stress and fear in the global markets. Dow Jones Index fell more than 12 percent from the previous week. Gold has fallen 4 percent in the past four days.Cryptocurrencies have also been affected. Bitcoin's price dropped 9 percent from last week. On the other hand, approaching the next Halving will increase the optimism about price increases And lower prices will provide Hodlers the opportunity to buy more with an upward vision of the future of the market.
We can see a positive divergence between RSI and the price in the Bitcoin price chart in the 4-hour time frame. If the price supports the current level, crossing the $ 9000 resistance will be of great importance. On the other hand, if the price does not cross the barrier in the next few days, we will have a fall to $ 8200 in the first step and $ 7700 in the next step.
We can see a positive divergence between RSI and the price in the Bitcoin price chart in the 4-hour time frame. If the price supports the current level, crossing the $ 9000 resistance will be of great importance. On the other hand, if the price does not cross the barrier in the next few days, we will have a fall to $ 8200 in the first step and $ 7700 in the next step.