Bitcoin: Bullish Divergence Mirrors 2022 Bottom
Bitcoin shows 3-day bullish divergence vs SPX matching 2022 bottom, with $66388.44 price action and 4h technical confluence pointing to accumulation.
SourceAnalysis
Bitcoin flashed the exact same bullish divergence signal versus SPX on the 3-day timeframe that marked the 2022 bottom, according to @CryptoMichNL, with the weekly chart already printing the same construction and marking the most disastrous week since FTX.
With BTC at $66388.44 inside the Bollinger Bands and testing upper resistance at $67145.86 while RSI(14) sits neutral at 64.3, a healthy retracement toward EMA50 support at $64460.64 looks probable before continuation, shaping the latest BTC price prediction amid crypto market crash concerns and Bitcoin vs SPX divergence setups.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast