Bitcoin Flashes Caution As RSI Repeats Post-Halving Behavior – Here’s Why

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.