Bitcoin's (BTC) corrective rally could soon see prices climb back to $9,000, however, the longer-term outlook stills remain bearish, according to the technical charts.
Bitcoin fell to a 5.5-week low of $7,335 on the BPI yesterday, a drop linked to reports that Twitter is planning to ban cryptocurrency ads. In recent weeks, both Facebook and Google have announced similar bans on advertising content related to crypto exchanges and token sales.
However, the drop to a multi-week low was short-lived and the cryptocurrency quickly regained poise - possibly due to a bullish relative strength index (RSI) divergence - clocking a high of $8,435 earlier today.
https://www.coindesk.com/bitcoin-returns-to-above-8k-but-sell-off-risks-remain/
