Bitcoin Shows Signs of Bullish Reversal, Analyst Reports
- Bitcoin is exhibiting bullish divergence with the relative strength index (RSI).
- Similar divergences occurred in August of 2024, August of 2023, and November of 2022.
- A break above the lower high structure at around $82,000 indicates a trend reversal.
- Bitcoin is currently trading at $84,789, above the downward trend line.
The analyst notes that Bitcoin’s current price action and RSI suggest a potential bullish reversal. The cryptocurrency has surpassed the key downward trend line, indicating a possible end to its previous downtrend.
Source (2.6)https://dailyhodl.com/2025/04/13/bitcoin-forming-technical-setup-that-previously-resulted-in-bullish-reversals-according-to-analyst/?rand=59076
