A possible recovery of $BTC ?
After a series of declines in recent weeks, BTC is attempting to recover part of its losses. Yesterday, the price closed higher, above the $80k level, suggesting a possible interruption in the bearish correction that has dominated recent trading.
Today the market continues to show signs of bullishness, oscillating at the upper level of the Bollinger bands (1h time frame), however, indicators still point to overbought signals, the EMA50 continues to exert negative pressure on BTC's price, but the $80k support has proven to be strong.
Are we at the beginning of a recovery? Or will it happen the same as last week? Where we had the whole week closing higher only to drop abruptly over the weekend.