Relative Strength Index (RSI) divergence occurs when the price of an asset is moving in the opposite direction of its RSI indicator, often signaling a potential trend reversal.
Bitcoin's consistent weekly candle closes above $63,000, coupled with RSI divergence, suggest a potential market bottom is forming, offering a bullish outlook for the cryptocurrency.
Bitcoin's price momentum is building towards the $70,000 mark, fueled by strong order book signals and a bullish Relative Strength Index divergence, indicating robust trader confidence.
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