- •Analyst Ash Crypto identifies a hidden bullish divergence on the Bitcoin weekly RSI.
- •Experts like Michael Saylor and Tom Lee predict Bitcoin could reach between $150,000 and $200,000 by year-end.
- •If Bitcoin rallies as expected, altcoins may follow with significant gains, potentially triggering a new altcoin season in Q4.
The price of Bitcoin has struggled around the $115,000 region for the past few days, but analysts are seeing technical signs that a major breakout is imminent.
Crypto commentator Ash Crypto, who has over 2 million followers, highlighted a key technical signal on Bitcoin’s weekly chart: a hidden bullish divergence. This pattern occurs when the price forms higher lows while the Relative Strength Index (RSI) forms lower lows.
On the attached chart, Bitcoin’s price action shows a steady series of higher lows, while the weekly RSI has d…