🚨 $BTC Update: Bullish Momentum Building 🚨
After flashing a strong RSI Bullish Divergence around $64,600, Bitcoin has delivered the bounce we were anticipating. 📈
Just a few hours ago, I highlighted the divergence signal after BTC dropped from the $67K region, and the market has since responded with a solid recovery.
Now, Bitcoin is pushing higher toward the 200 EMA, currently located near the $68K zone. This level could act as a major resistance area and determine the next big move.
🔹 First challenge: Reclaim and hold above $67K, the key resistance that previously triggered a sharp sell-off. 🔹 Next target: The $68K region, where the 200 EMA may create significant selling pressure. 🔹 Bullish scenario: A breakout above these levels could open the door for further upside. 🔹 Bearish scenario: Rejection at resistance could lead to another corrective move.
The RSI divergence has already proven its strength, but the real test for bulls is just ahead. Keep a close eye on price action around $67K–$68K.