btcdivergence

Okay, so I've been watching the $BTC charts pretty closely, and something really interesting is popping up on the weekly. We're seeing a rare bullish divergence form, which might actually be only the second time this specific pattern has shown up in Bitcoin's history.

Basically, price keeps dipping lower, chilling around the $63K mark right now. But here's the kicker: the weekly RSI has totally stopped its slide and is actually starting to curl upwards from oversold territory, making a higher low. That's a pretty compelling setup when you look at how these things usually play out.

The last time we saw this exact pattern? That was right after the whole FTX mess back in November 2022. What followed was a massive run, a roughly 715% surge that took $BTC all the way up to almost $126,200.

Right now, this whole setup is happening right at the 200-week average, which is sitting around $62K. Definitely a zone worth paying attention to for $ETH and $SOL holders too, as $BTC often leads the pack.

#Bitcoin #CryptoAnalysis #MarketWatch #BTCDivergence