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Bitcoin RSI divergence signals possible end to macro downtrend

Reported · Written up by our desk · Bitcoin

Cointelegraph reports that analysts are watching Bitcoin for signs the current macro downtrend could be nearing an end, using weekly RSI signals.

The coverage highlights a bullish divergence pattern in Bitcoin's RSI and notes that the setup is drawing comparisons to similar conditions seen in 2022.

Rather than focusing on a single-day move, the analysis frames the RSI read as evidence of a potential shift in the larger trend.

Latest closeBitcoin $79,179.29 ▲0.3%

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Sources

CointelegraphBitcoin RSI bullish divergence draws 2022 comparisons as analysis weighs new price trend

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