Bitcoin Bullish Divergence That Appeared Before The May ATH Has Returned Again
Bitcoin is currently hovering in a tightly compressed price range after failing multiple times to break above $110,000 earlier this month. The past few days have been characterized by the leading cryptocurrency trading around $105,000, with neither bulls nor bears taking control. Despite the overall consolidation, a subtle yet significant signal is starting to flash beneath the surface, particularly on the 4-hour chart, that might send Bitcoin to a new all-time high soon. Return Of Rare Divergence Pattern On Bitcoin’s 4H Chart Crypto analyst Luca (@CrypticTrades_) took to social media....
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The Bitcoin 4-hour price chart is seeing a bullish divergence and a TD9 buy as hopes for a relief rally rise. The price of Bitcoin (BTC) has rebounded strongly from sub-$17,600 to $18,400 in the past 24 hours. Now, two major technical indicators are signaling the likelihood for a larger relief rally.The 4-hour price chart of Bitcoin is showing a bullish divergence just as it prints a TD9 buy signal. Both indicators typically light up when an asset sees a strong sell-off and the selling pressure gets exhausted.The Bitcoin sell-off might be losing steamThe 4-hour bullish divergence and TD9....
Bitcoin has continued its decline since starting the week with a bearish breakout from the weekend consolidation range seen in the 1H chart. During the April 14th session, price fell to about 216 before the global April 15th session began. As we can see in the 1H chart, there is a bullish divergence between price and the RSI (A bullish divergence occurs when price makes lower lows but the RSI makes higher lows). This suggests a shift in momentum, or at least a deceleration, which can be a sign of upcoming consolidation or bullish correction. Bitcoin (BTCUSD) 1H Chart April 15. The 1H chart....
Technical analyst Charting Guy has shared a new perspective on the relationship between XRP and Ethereum, identifying a setup that he believes could lead to short-term XRP outperformance. His analysis, which was posted on the social media platform X, focuses on the XRP/ETH weekly chart, where he highlighted the formation of a bullish divergence that has not appeared since mid-2024. The development, he says, signals a constructive shift in momentum that will favor XRP’s price action over Ethereum for the next three months. A Rare Weekly Bullish Divergence Favors XRP Over Ethereum In....
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 Showing Signs Of Bullish Divergence? Analyst Weighs In Since the beginning of February, the flagship cryptocurrency has endured multiple macroeconomic uncertainties, including US President Donald Trump’s proposed trade tariffs, the US Federal Reserve’s (Fed) hawkish statements, and the stock market downturn triggered by the release of China’s....
Bitcoin price quickly returned to its previous consolidation zone during Sunday trade. The verdict in the ongoing case of Bulls vs. Bears remains inconclusive. A swift move higher puts price back in the center of its two-month consolidation zone. One concern is that today’s advancing wave had gone “too far too fast” and then lost momentum. In the bitcoin chart such a high energy blast – during low weekend liquidity – often results in downward continuation. A second confirmation that advance could return to decline can be found in the 1-hour RSI indicator’s reverse divergence: the buying....