BTC Weekly RSI chart shows an evident Hidden Bullish Divergence
A hidden bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low.
This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.
BTC price struggled at this overhead resistance for a few days, and after 50 EMA joined as resistance, this confluence triggered a bearish reversal and plunged to the $46000 support.
The Weekly Relative Strength Index displays hidden bullish divergence in its chart, indicating the increasing bullishness in the price.
This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.
BTC price struggled at this overhead resistance for a few days, and after 50 EMA joined as resistance, this confluence triggered a bearish reversal and plunged to the $46000 support.
The Weekly Relative Strength Index displays hidden bullish divergence in its chart, indicating the increasing bullishness in the price.