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by: xpoolPosted on: April 11, 2025

Bitcoin’s RSI Divergence Hints at Reversal Near $83.5K Resistance

Bitcoin is exhibiting signs of a potential reversal near its key resistance around $83.5K. This comes as the cryptocurrency forms a falling wedge pattern on its daily chart, coupled with bullish RSI divergence. Analysts attribute this to expanding DeFi applications and increased institutional investments.

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