For the previous few days, Bitcoin has been stabilising between $31,000 and $40.000. The bulls are presently trying a rebound after the bears failed to keep the price below the range's support. The relative strength index's positive divergence suggests that bullish momentum is building.
Like we all know that indicators lags a lot and also using a single indicator to analyze the market is a poor way of seeing what the market has to offer. It would be much better to use couple of indicators to presume the future move of price, using just one which is likely to give false indication of market direction.
Looking as the way price is falling and rising is a sign of gaining momentum before the continuation of the bullish market.