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.
We have to understand this concept, that whenever people think that bitcoin price will increase it's not the time the price goes up, so looking at the chart and conclude that price will come up any moment from now i think is not a real helping hands to detect when the price will come up, from my perspective I don't value assumptions any more, what i consider immensely is the market dominations or dominance, it's marketcap that decides the increment of bitcoin price via the level of demands and the level of supply, so from this scenario if the supplies is at higher advantage, i think it really affects the movement of bitcoin price.