Bitcoin It flashes with warning signs, because its relative force indicator (RSI) shows a familiar pattern of the bear’s discrepancy, half of 2020. This classic configuration often precedes the period of correction or consolidation, calling on salesmen to maintain vigilance.
The moment weakens despite the higher ups: RSI signals carefully
Crypto trendpro analyst revealed that Bitcoin currently has bearish RSI Divergence, a configuration resembling a structure in the class observable in 2020 according to the analyst, while the price action still prints higher ups, RSI creates lower hills, which indicates weakening of the shoot below the surface. This classic discrepancy is often seen as a sign bullish Strength begins to disappear.
Trendpro emphasized that this type of configuration has historically led to a well one adjustment or period of consolidation sideways. When downloading similarities with a cycle by half 2020, the analyst noted that such phases often serve as cooling periods before another significant higher leg.
Looking at the data map of the heat liquidation from Coumingss, TrendPro indicated a gigantic group of miniature liquidations set between 110,000 to 120,000 USD. The analyst explained that if Bitcoin manages to exceed the threshold of USD 110,000, a acute price boost compared to USD 119,000-122,000, powered by a forced miniature cover and cascade of liquidation in this zone.
On the other hand, Trendpro also warned about significant long liquidations built at a distance from 94,000–96,000 USD. AND drop In this area, it can cause sweeping of liquidity, shaking excessively long positions. According to Trendpro, this type of rinsing often reset market Conditions and can be a stronger basis for the next move after cleaning weaker hands.
Shakeout or a breakthrough? Bitcoin at the crossroads
Trendpro went on to ask: “Do we need a shock before the higher?” Answer? “Not necessarily”. However, TrendPro indicated that many bull markets have a shock phase, which suggests that momentary correction can be a well part of the cycle. If BTC has over USD 106,000 and breaks USD 110,000, the analyst noticed that it is possible to press to USD 120,000 briefly.
However, if BTC cannot stop higher, withdrawal to $ 95,000 to reset the lever, and RSI would be well. This type of movement would neat excessive positions and aid rebuild momentumWithout breaking a long -term trend. The idea is not bear – this is a potential configuration for a stronger base.
To sum up, TrendPro advised that a breakthrough zone in the amount of USD 110,000–112,000 as a movement above this level can cause a miniature squeeze. If the price drops, the key is 94,000–96,000 USD Support zone To a stubborn reset. Despite miniature -term fluctuations, the long -term bull trend still looks intact.
A distinguished picture from Pixabay, chart from tradingview.com
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