Rekt Capital is widely said that Bitcoin (BTC) presents a pre -behavior of textbooks as technical indicators and actions of Flash Green.
The pseudonym tells 543,000 followers on the social media platform X that BTC shows the bullish difference with the RSI.
The bullish difference occurs when it is an indicator that focuses on momentum like RSI directions higher while the price rises or sideways, indicating a prediction of price reflection.
Rekt Capital indicates that there are similar differences in August 2024, August from 2023 and November of 2022.
“Bitcoin is developing another low on the relative strength index with the formation of low -level levels on the price.
In general, throughout the course, bitcoin formed biological differences like this on already few occasions.
Each bull precedes the repercussions to the upward trend. “
An analyst says the BTC’s declining trend is officially broken as soon as a clean lower high structure occurs, currently by about 82,000 dollars.
“Bitcoin has succeeded in re -testing RED as support, and Rsi Daily Low continues to maintain itself as well.
Increasing signs of mature bullish difference here, with the price slightly lower than the basic (blue) basic direction.
BTC needs to break this downward trend to enable bull bulls to play. “
At the time of this report, Bitcoin is traded at $ 84,789, which is a little higher than the blue direction line of the Rekt Capital that was clarified in the chart, indicating that the reflection may be ongoing.
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