Bitcoin (BTC) is showing three technical signals that closely resemble its recovery from the 2022 bear-market bottom, strengthening the case for a rally toward $100,000 in 2026.
Here are the three reasons why.
The first similarity comes from Bitcoin's weekly relative strength index (RSI).
Near the November 2022 bottom, BTC continued forming lower or flat price lows while its weekly RSI began making higher lows. The divergence suggested that downside momentum was weakening even though Bitcoin remained under selling pressure.
A similar RSI structure appeared during Bitcoin's latest decline toward the $57,000–$60,000 region.
#toward #lows #near
Here are the three reasons why.
The first similarity comes from Bitcoin's weekly relative strength index (RSI).
Near the November 2022 bottom, BTC continued forming lower or flat price lows while its weekly RSI began making higher lows. The divergence suggested that downside momentum was weakening even though Bitcoin remained under selling pressure.
A similar RSI structure appeared during Bitcoin's latest decline toward the $57,000–$60,000 region.
#toward #lows #near
2 months ago
