Bitcoin Shows Bullish Reversal Signal Amid Decreasing Sell Pressure
- Bitcoin’s relative strength index (RSI) indicates a bullish divergence on the daily chart.
- The RSI bullish divergence suggests increasing buying momentum despite lower or sideways price movement.
- Bitcoin’s resistance level around $84,000 is weakening after multiple tests.
- Selling volume has decreased, with sellers producing below-average volumes recently.
- Bitcoin is currently trading at $83,150.
Rekt Capital notes that Bitcoin’s RSI shows a bullish divergence, signaling potential price reversal as selling pressure decreases and resistance near $84,000 weakens. Bitcoin trades at $83,150.
Source (2.6)https://dailyhodl.com/2025/03/17/bitcoin-flashing-bullish-reversal-signal-amid-waning-sell-pressure-according-to-crypto-strategist/?rand=59076
