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Bitcoin Price Echoes 2021 Warning as RSI Divergence Flashes Red


Olivia Stephanie
для CryptoPotato
Bitcoin Price Echoes 2021 Warning as RSI Divergence Flashes Red

TL;DR

  • Bitcoin forms weekly RSI divergence while the price makes higher highs, echoing the 2021 cycle top pattern.
  • BTC trades below the $112K support; analysts warn of a broader correction if this level fails.
  • Illiquid supply surges on Binance; whales holding tight may drive prices up or cause sharp drops.

Bitcoin Forms Bearish Divergence Similar to 2021

Bitcoin is showing a weekly chart pattern that resembles what appeared just before the 2021 cycle top. The current structure includes higher highs in price while the Relative Strength Index (RSI) forms lower highs. This divergence often appears when momentum slows down during a rally.

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Bitcoin Price Echoes 2021 Warning as RSI Divergence Flashes Red


Olivia Stephanie
для CryptoPotato
Bitcoin Price Echoes 2021 Warning as RSI Divergence Flashes Red

TL;DR

  • Bitcoin forms weekly RSI divergence while the price makes higher highs, echoing the 2021 cycle top pattern.
  • BTC trades below the $112K support; analysts warn of a broader correction if this level fails.
  • Illiquid supply surges on Binance; whales holding tight may drive prices up or cause sharp drops.

Bitcoin Forms Bearish Divergence Similar to 2021

Bitcoin is showing a weekly chart pattern that resembles what appeared just before the 2021 cycle top. The current structure includes higher highs in price while the Relative Strength Index (RSI) forms lower highs. This divergence often appears when momentum slows down during a rally.

Читать материал на CryptoPotato

Читать больше

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Top Ripple (XRP) Price Predictions, Bitcoin’s (BTC) Next Targets, and More: Bits Recap Sep 5

XRP, BTC, and SHIB: check out everything most interesting surrounding these cryptocur...
Big BTC Breakout Brewing? Bitcoin Prepares for ATH Retest

Big BTC Breakout Brewing? Bitcoin Prepares for ATH Retest

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