Bitcoin: 4H RSI Bullish Divergence Signals Bounce
Bitcoin at $63805.61 posts RSI 18.62 with bullish divergence on 4H chart, setting up potential bounce despite EMA50 resistance at $70950.53.
SourceAnalysis
Bitcoin 4-hour chart from @TATrader_Alan flags bullish divergence as RSI drops to oversold territory at 18.62, raising the odds of an immediate bounce.
Price sits at $63805.61 inside the Bollinger Bands with lower support at $62197.72 while the EMA50 at $70950.53 and EMA200 at $75209.02 cap upside; the MACD death cross at -2330.76 keeps the broader structure bearish, yet the RSI divergence creates short-term confluence for a relief rally toward the upper band at $74715.13 before any deeper test of 2025 lows. Traders watching BTC price prediction models and Bitcoin technical analysis note this setup often precedes sharp counter-trend moves amid elevated crypto market volatility.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.