Bitcoin Flashes Caution As RSI Repeats Post-Halving Behavior – Here’s Why
2025-07-06 02:38:57
Main Idea
Bitcoin is showing warning signs of a potential bearish trend as its Relative Strength Index (RSI) exhibits a bearish divergence pattern similar to the post-halving behavior in 2020, indicating weakening momentum despite higher highs.
Key Points
1. Bitcoin's RSI is displaying a bearish divergence, reminiscent of the 2020 post-halving pattern, signaling potential weakening momentum.
2. Analyst TrendPro notes that Bitcoin could surge to $119,000–$122,000 if it breaks above $110,000, driven by short covering and liquidations.
3. Significant long liquidations are building around $94,000–$96,000, and a drop into this range could trigger a liquidity sweep.
4. A breakout above $110,000–$112,000 may lead to a short squeeze, while a drop to $94,000–$96,000 could reset leverage and RSI for a bullish continuation.
5. Despite short-term fluctuations, the long-term bullish trend for Bitcoin remains intact.
Description
Bitcoin is flashing warning signs as its Relative Strength Index (RSI) shows a familiar bearish divergence pattern, the 2020 halving. This classic setup often precedes a period of correction or consolidation, urging traders to stay alert. Momentum Weakens Despite Higher Highs: RSI Signals Caution Crypto analyst TrendPro revealed that Bitcoin is currently exhibiting a bearish RSI divergence, a setup reminiscent of the post-halving structure seen in 2020. According to the analyst, while price acti...
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