- Bitcoin’s RSI indicates a potential bullish reversal towards $75,000.
- Following the bullish divergence, Bitcoin’s price might rise by 30%.
- The breakout resistance level exceeds $100,000.
Bitcoin’s Relative Strength Index (RSI) shows possible bullish divergence, hinting at a sudden upward movement. Currently, the RSI stands at 44.74, suggesting Bitcoin may be oversold. Historically, when the RSI reached such low levels, it often preceded a price reversal, evidenced in previous cycles.
> #BTC Weekly has the opportunity to make weekly bullish divergence on the upcoming weekly close: pic.twitter.com/iFwZEzUdiq
> — Matthew Hyland (@MatthewHyland_) March 15, 2025
Bitcoin’s weekly chart shows a higher-low price formation, though weakening momentum is reflected in the RSI. This divergence may indicate the beginning of an upward price movement as buyers return. A recovery in Bitcoin’s RSI could lead to a strong bullish thrust, pushing prices back towards the $100,000 range.
Divergence Suggests Reversal
In the short term, the RSI divergence suggests a likely reversal. Previous lower RSI readings in 2020 and 2021 marked turning points leading Bitcoin into upward trends followed by substantial rallies. If key resistance levels are breached while the RSI trends upward, the market may be set for a significant rally in the upcoming weeks.
The current setup shows Bitcoin moving sideways, with an imminent breakout likely. Traders are closely monitoring the RSI to identify when the bullish divergence confirms that Bitcoin is prepared for its next upward move.
What to Expect in the Coming Weeks
Bitcoin’s trajectory will heavily depend on the confirmation of the bullish divergence and whether it breaks key resistance levels. If the RSI trends upwards and the price follows, Bitcoin could rebound towards previous highs. For now, traders should watch the crypto market to see if this bullish divergence materializes, creating an opportunity for a breakout.
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