Key Takeaways
- •Bitcoin price leading indicators suggest a bullish continuation following a rise to two-month highs.
- •The current price environment is more favorable than at any point since the beginning of October.
- •The year 2026 might present a unique type of bear market.
Bitcoin RSI and MACD Show Classic Reversal Signal
Data from TradingView indicates that Bitcoin's relative strength index (RSI) continues to point towards upside potential for BTC price. Leading indicators remain in favor of Bitcoin bulls, with RSI joining the moving average convergence/divergence (MACD) in demonstrating renewed strength.
On hourly timeframes, the RSI is displaying a hidden bullish divergence. This occurs when the indicator registers a lower low, while the price simultaneously forms a higher low. A similar pattern was observed on the four-hour chart last week as BTC/USD tested the $90,000 support level.
At that time, RSI readings suggested a potential BTC price target of $105,000. While this target may currently be out of reach, the indicator itself is far from bearish.
Trader Jelle commented in an X post examining three-day timeframes, stating, "RSI is now above 50, confirming the birth of a new uptrend. Send it higher."
The RSI has now surpassed its 50 midpoint for the first time since early October. When this is combined with a buy signal on the MACD, the overall market conditions begin to look significantly different from those observed during that period.
“When $BTC forms both a 3-day bullish MACD cross and bullish divergence at the same time, it's time to pay attention. This combo marked the bottom once again.”
BTC Price: 2026 Could Be “Truly Different”
Looking at longer timeframes, Bitcoin investor and commentator Isiah has highlighted a unique event that is approaching for BTC price action.
He argued that if Bitcoin is indeed entering a new bear market, the upcoming reclaim of the 50-week simple moving average (SMA) will be a distinctive occurrence.
Isiah informed his X followers on Wednesday, "The big moment is getting closer. Bitcoin has NEVER reclaimed the 50-week moving average in a bear market year (currently sitting at 101k). If it doesn't get rejected, this time is truly different."
“The big moment is getting closer. Bitcoin has NEVER reclaimed the 50-week moving average in a bear market year (currently sitting at 101k). If it doesn't get rejected, this time is truly different.”
The price originally fell below the 50-week SMA at the beginning of November. The bull market support band, which is composed of two other moving averages, is now situated overhead and presents a key resistance level that needs to be reclaimed.
Trader Daan Crypto Trades predicted on X on Tuesday, "Think there's a good chance we retest the bull market support band relatively soon. It's moving down at a fast pace while price is attempting to grind higher. That retest is one we see every time. Whether it breaks back above or rejects, is pretty pivotal for the next few weeks or months ahead."
“Think there's a good chance we retest the bull market support band relatively soon. It's moving down at a fast pace while price is attempting to grind higher. That retest is one we see every time. Whether it breaks back above or rejects, is pretty pivotal for the next few weeks or months ahead.”
