Ultra Bullish Divergence Found In Important Bitcoin Btc Index Matt hougan, the chief investment officer (cio) of crypto asset management firm bitwise, is highlighting a factor that could be bullish for bitcoin ().in a new interview on the unchained podcast, hougan says demand for bitcoin outstrips supply and this will drive the crypto king’s price up to around $200,000, a gain of 139% from the current level. Bitcoin is showing early signs of a bullish reversal, supported by rsi divergence and a potential inverse h&s formation. however, peter brandt’s warning about the sloping neckline shouldn’t be ignored—especially in a market lacking strong volume confirmation. a break above $84,538, accompanied by rising volume, would strengthen the bullish case.
Bitcoin Hidden Bullish Divergence For Bitstamp Btcusd By Thechasm According to a recent post on x by crypto analyst rekt capital, bitcoin (btc) may finally be showing early signs of bullish divergence. if this pattern plays out, btc could target the $101,000 level as its first milestone before moving higher. Bitcoin’s price relative to gold has printed a tbt bullish divergence signal on the daily chart. the last two times this signal appeared—once in may 2024 and again in july 2024—it marked the bottom of a major downtrend. if history repeats, bitcoin could be in the early stages of a significant recovery. altcoins show early signs of. A bullish divergence on the rsi is typically viewed as a reversal signal as it indicates that buying momentum is increasing even if an asset’s price trades lower or sideways. “promising early stage signs of a bullish divergence developing. reclaiming the previous lows of $84,000 could set the price up to further build out this bull div.”. The crypto pro rekt capital indicates through technical analysis that btc shows initial bullish signs leading towards a $101k target. a possible change in trend for bitcoin could establish a breakthrough moment even though it keeps fighting financial issues.
Bitcoin Price Analysis Bullish Divergence At 11 500 Bitcoinist A bullish divergence on the rsi is typically viewed as a reversal signal as it indicates that buying momentum is increasing even if an asset’s price trades lower or sideways. “promising early stage signs of a bullish divergence developing. reclaiming the previous lows of $84,000 could set the price up to further build out this bull div.”. The crypto pro rekt capital indicates through technical analysis that btc shows initial bullish signs leading towards a $101k target. a possible change in trend for bitcoin could establish a breakthrough moment even though it keeps fighting financial issues. Price took a more technical route. “i bought the bottom for bitcoin… i just bought an $84,000 bitcoin live in front of the world two weeks ago,” he said, citing “a hidden bullish. The cryptocurrency’s resilience and potential for bullish divergence suggest that investors should keep a close eye on its price action in the coming weeks. the market is at a pivotal point, and the next move could set the stage for a significant trend reversal or a continuation of the current consolidation. Breaking and holding above this level would be a strong bullish confirmation. the most critical factor remains a daily close above $100k—which would trigger liquidations of short sellers and likely send the entire crypto market surging 3 5x higher. ethereum sees another bullish divergence signal.
Bitcoin Bullish Tweezers And Double Bottoms Bullish Divergence For Price took a more technical route. “i bought the bottom for bitcoin… i just bought an $84,000 bitcoin live in front of the world two weeks ago,” he said, citing “a hidden bullish. The cryptocurrency’s resilience and potential for bullish divergence suggest that investors should keep a close eye on its price action in the coming weeks. the market is at a pivotal point, and the next move could set the stage for a significant trend reversal or a continuation of the current consolidation. Breaking and holding above this level would be a strong bullish confirmation. the most critical factor remains a daily close above $100k—which would trigger liquidations of short sellers and likely send the entire crypto market surging 3 5x higher. ethereum sees another bullish divergence signal.