Bitcoin’s RSI Divergence Points to Potential Reversal Near $76,000

Bitcoin is displaying bullish divergence on its daily chart as the Relative Strength Index (RSI) climbs while prices decline. This suggests a potential trend reversal and a possible price recovery soon. Although Bitcoin has fallen from around $88,300 to approximately $82,200 this month, a rise in the RSI indicates weakening bearish momentum. Technical analysts are closely watching for signs of a breakout as Bitcoin’s price remains near key support levels.