According to a recent job On X by Crypto Analyst Rekt Capital, Bitcoin (BTC) could finally show early signs of bullish divergence. If this model takes place, BTC could target the level of $ 101,000 as the first milestone before climbing higher.
Bitcoin showing signs of bullish divergence? The analyst weighs
Since the beginning of February, the flagship cryptocurrency has undergone several macroeconomic uncertainties, including the proposed of the American president Donald Trump pricethe beautiful declarations of the American Federal Reserve (Fed), and the slowdown in stock markets triggered by the release of the deep AI model of China.
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Despite these challenges, the BTC remained linked to the beach between $ 93,000 and $ 98,000. However, the first signs of a potential optimistic divergence begin to emerge.
Rekt Capital underlined the non-compliance with BTC to reach a successful daily fence above the level of $ 97,700, forcing it to find support around $ 93,000 at the lower end of its commercial channel. While BTC continues to consolidate in this tight beach, it displays a bullish divergence, because the relative resistance index of the cryptocurrency (RSI) formed a low level on the daily graphic.
In this context, the raised divergence occurs when the price continues to reduce the stockings while the reverses the course and forms a lower. This change of momentum often indicates an imminent reversal of trend, potentially propeling the BTC to the crucial level of $ 100,000.
However, not all analysts are convinced This BTC is still out of the woods. Crypto Merlijn The Trader analyst shared his point of view on BTC prices action, stressing how the upper cryptocurrency recently touched the 100-day exponential medium (EMA) at $ 93,500. They warned::
Historically, the closure below this level often means a drop to the 200EMA – at $ 86,000. But until the daily 100tha breaks, there is no need to panic. Stay sharp, the market is at a pivotal point!
Will BTC fill the CME gap?
Meanwhile, Crypto Market Cryptobullet analyst underlined a CME gap from November that BTC may need to fill before resuming its momentum upwards. The analyst has highlighted a high double training, which could lead BTC to trace at $ 76,000 to fill the gap.
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For those who are not familiar, the “CME GAP” refers to a price difference on the Bitcoin term contract table which occurs when negotiating breaks for the weekend while BTC continues to move on other exchanges. These gaps often attract prices’ action, because traders anticipate a revisit due to liquidity, technical factors and market psychology.
On a more optimistic note, the leaders of the bit maintain This Bitcoin currently offers a “generation opportunity” despite the current macroeconomic disorders underway. At the time of the press, BTC is traded at $ 96,168, up 1.3% in the last 24 hours.
Star image of Unplash, X graphics and tradingView.com