Many analysts believe that Bitcoin still has a long way to go, with the next two months before the year ends being of great concern.
Nonetheless, BTC retreated from the new all-time highs where it naturally found support above $59,000.
As long as bulls keep the price above $60,000, Bitcoin will keep the uptrend intact in the near term.
This technical index that follows the trend of assets and calculates the strength of the bulls and the bears has rebounded at 60.
On the other hand, we cannot ignore a sell signal with the Moving Average Convergence Divergence .