What I’ve Noticed
I’ve been keeping an eye on Bitcoin’s RSI since early April, and it’s built a pretty reliable support around 39.92, tested a few times.
Here’s my breakdown:
June 5: Dropped to support and bounced back up.
June 22: Tested it again, smashed through 50, and hit a high near 75.
August 2: Another support test, but the rally felt weaker than before.
Recent High: Saw a higher price peak around 124k, but RSI highs were dropping—bearish divergence hit me right then. Time to sell or short!
Today (Aug 26, 2025): RSI at 38.22, right on that support line.
My Call
That divergence at 124k was my signal to get out or go short. Now, with RSI testing support, I’m betting on a bounce if it holds firm. But if it breaks, I’d expect a deeper pullback ahead.
I’ve been keeping an eye on Bitcoin’s RSI since early April, and it’s built a pretty reliable support around 39.92, tested a few times.
Here’s my breakdown:
June 5: Dropped to support and bounced back up.
June 22: Tested it again, smashed through 50, and hit a high near 75.
August 2: Another support test, but the rally felt weaker than before.
Recent High: Saw a higher price peak around 124k, but RSI highs were dropping—bearish divergence hit me right then. Time to sell or short!
Today (Aug 26, 2025): RSI at 38.22, right on that support line.
My Call
That divergence at 124k was my signal to get out or go short. Now, with RSI testing support, I’m betting on a bounce if it holds firm. But if it breaks, I’d expect a deeper pullback ahead.
NorseCrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
NorseCrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.