- Bitcoin’s hidden bullish divergence signals strong momentum, with historical setups leading to surges of nearly 90% in two months.
- RSI confirms higher lows at key support levels, reinforcing Bitcoin’s bullish structure and increasing the likelihood of further gains.
- As Bitcoin rises, altcoins may follow suit, driven by increased market demand and historical bullish correlations.
According to Javon Marks, Bitcoin displays a hidden bullish divergence pattern, suggesting a strong upward trend. Historically, similar setups led to surges of nearly 90% in under two months. Altcoins also gain during these bullish phases.
Bitcoin’s Price Action Confirms a Strong Bullish Structure
The price of Bitcoin goes up in an uptrend, correcting and bouncing at major support levels. The RSI indicator confirms the hidden bullish divergences, and the market shows strength. Each retracement is met with strong support that continues to keep Bitcoin in an upward trend.
Initially, Bitcoin corrected before bouncing off a crucial trendline support. The RSI formed an upward divergence, signaling robust momentum. Following this, Bitcoin surged, confirming a bullish continuation.
A second retracement tested another vital support level. At this point, the RSI created a higher low, while the price stayed stable. This alignment confirmed a hidden bullish divergence, reinforcing the bullish momentum.
Hidden Bullish Divergence Signals More Upside Potential
Recently, Bitcoin retraced to a well-defined support level. The RSI registered another hidden bullish divergence, indicating further upward potential. The label “HIDDEN BULL CONFIRMATION” validates this observation.
Historical data shows that hidden bullish divergences preceded strong price movements. The primary trendline continues to form higher lows, strengthening the market structure. Additionally, the RSI indicator confirms growing momentum at critical price zones.
The consistent formation of higher lows strengthens Bitcoin’s bullish outlook. The RSI continues to provide positive confirmations, aligning with historical trends. If this pattern persists, Bitcoin could witness another price surge.
Market Outlook and Potential Gains
Bitcoin remains in a well-defined bullish trend. Historical correlation of RSI divergences with price upswings suggests high probability of future expansion. Historical instances of similar trends resulted in rapid market expansion. Most altcoins can also experience uptrends apart from Bitcoin. As Bitcoin increases, the crypto market may experience additional buying demand.
