What To Expect As Bitcoin Pictures Bullish Divergence On Chart?

The Bitcoin price has been making a slight recovery on its chart. Although the coin has been consolidating over the past few weeks, BTC has been attempting to make an upward movement. Over the last 24 hours, the coin has registered a 0.6% appreciation.
Looking at the weekly progress, BTC has been stuck between two price levels of $16,400 and $16,900, respectively. Going by the technical outlook, the coin has depicted positive sentiments, with buyers slowly returning to the market.
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