Bitcoin Flashes the Same Signal That Triggered a 15% Rally — One Level Holds the Key Now
Bitcoin shows a recurring bullish RSI divergence that preceded a 15% rally, with $116,500 being the critical resistance level to watch.Summary
Bitcoin (BTC) is showing a familiar bullish signal: a hidden bullish divergence on the Relative Strength Index (RSI), where price made higher lows while the RSI made lower lows. This exact pattern preceded a 15.7% rally last month, suggesting a potential move toward $119,900 if history repeats. This bullish outlook is supported by on-chain metrics; the Net Unrealized Profit/Loss (NUPL) is near a three-month low, indicating low selling incentive, and the Accumulation Trend Score has hit 1, signaling that large holders are actively accumulating. However, the next move hinges on the critical resistance level of $116,500; a daily close above this point could confirm the bullish setup and target higher levels, while failure could lead to a drop toward $108,500.
(Source：BeInCrypto)