Tag: Bitcoin price resistance

  • Experienced Analyst Claims Bitcoin Has a “Hidden Bearish Divergence”

    Experienced Analyst Claims Bitcoin Has a “Hidden Bearish Divergence”

    Bitcoin Faces Bearish Divergence as $80,000 Resistance Holds

    Crypto analyst Rekt Capital has identified significant technical resistance near $80,000 on Bitcoin’s daily chart, while a hidden bearish divergence has emerged between Bitcoin’s price and the Relative Strength Index (RSI).

    Bitcoin Rebounds Toward $80,000

    According to the analyst, Bitcoin’s lows in February and June 2026 formed in similar price ranges, with the RSI reaching comparable oversold levels during both periods. After each bottoming move, Bitcoin recovered toward the $80,000 level.

    However, Rekt Capital highlighted a key difference between the current market structure and Bitcoin’s surge in May 2026. Although Bitcoin has again climbed toward $80,000, its latest peak remains below the previous high. At the same time, the RSI has moved above its earlier level and formed a higher peak.

    Hidden Bearish Divergence Signals Risk

    In technical analysis, a pattern in which price forms lower peaks while the RSI records higher peaks is known as hidden bearish divergence. It can indicate that the current upward momentum lacks confirmation from price action and that selling pressure may increase.

    Rekt Capital said this negative technical outlook will remain in place unless Bitcoin breaks above the resistance zone near $80,000 and establishes a new, higher peak.

    This is not investment advice.

  • Metaplanet Moves $108 Million in Bitcoin to Coinbase Prime, Raising Selloff Concerns

    Metaplanet Moves $108 Million in Bitcoin to Coinbase Prime, Raising Selloff Concerns

    Bitcoin treasury firm Metaplanet is back on investors’ radar after moving 1,350 BTC into Coinbase Prime, raising concerns about a potential sell-off.

    The transfer comes as Bitcoin continues to target a successful break above the $80,000 resistance level. The movement of the coins to Coinbase Prime has fueled speculation over whether Metaplanet could be preparing to sell part of its Bitcoin holdings.