Bitcoin rises above $85,000, but the daily RSI shows a bearish divergence: prices are climbing while momentum is lagging. According to bitbank’s analyst, $85,000 is a key watershed—hold it to look toward $90,000; if it breaks, the next support is $80,000 to $81,000, and below that around $75,000.
The divergence itself only signals weakening momentum and doesn’t indicate how deep a pullback could be. For now, the more practical question is whether BTC can hold above $85,000. As the analyst suggests, if employment data confirms the labor market remains strong and rate-hike expectations re-emerge, short-term interest rates could move higher, which may put downward pressure on BTC.
The divergence itself only signals weakening momentum and doesn’t indicate how deep a pullback could be. For now, the more practical question is whether BTC can hold above $85,000. As the analyst suggests, if employment data confirms the labor market remains strong and rate-hike expectations re-emerge, short-term interest rates could move higher, which may put downward pressure on BTC.
