Bitcoin Hints at Bullish Upward Trend: Divergence Points to Potential Rise

Recent chart data reveals a bullish divergence in Bitcoin’s price action, suggesting potential short-term upward movement is likely. The major support area for the cryptocurrency sits between $76,000 and $78,000 as prices continue their journey towards resistance at $83,425. A rise beyond this level could propel Bitcoin toward the $90,000 mark, while continued market inactivity could see prices dip below $75,000. 3-day technical indicators suggest a price recovery for Bitcoin. The RSI (relative strength index) and the overlapping price patterns provide strong signs of a potential momentum shift, indicating change following weeks of downward pressure.