Bitcoin flashes only its second weekly bullish divergence on record, a signal that previously preceded a 755% BTC price rally.
Bitcoin (BTC) is showing a rare divergence between its falling prices and rising momentum, a setup that last appeared around the FTX-era market bottom.
Key takeaways:
As of Monday, BTC’s weekly relative strength index (RSI) was over 34, almost two weeks after slipping under the oversold threshold of 30. In the same period, the price dropped to around $63,000 from $75,770.
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