Bitcoin…The V we wanted?

Bitcoin is starting to show some signs of a healthy recovery on this one hour chart.

It appears we may have gotten the V shaped recovery we wanted.

The volume is teetering off so it will take some time before we know for sure

The MACD is above the signal line and even though they are both below zero they both seem to be on an upward trajectory.

The relative strength histogram is also moving into a bullish position.

Stayed tuned this could be the bottom and turn around speculators have hoped for.