#USCryptoWeek

🚀 Bitcoin’s Next Move? Similar Rally Could Send BTC Above $160K

After repeatedly failing to break over $110,000 earlier this month, Bitcoin remains in a tight price range. The biggest cryptocurrency has traded around $105,000 for days, with neither bulls nor bears gaining control. Despite consolidation, a small but major signal is emerging, especially on the 4-hour chart, that might propel Bitcoin to a new all-time high.

After this signal surfaced in early April, Bitcoin rallied to its May 22 all-time high of $111,800. Another Bitcoin price breakthrough may be imminent due to the similar split.

The 4-hour candlestick chart below shows price activity and RSI diverging. Price is making lower lows while RSI is making higher lows. This discrepancy indicates selling momentum is receding and a possible upward reversal. This pattern anticipated a rapid increase from $74,000 in early April to over $111,000 in a few weeks.