Bitcoin’s weekly chart shows a bearish RSI divergence, with RSI declining while price tests previous highs.
Hourly RSI and MACD both reflect neutral momentum, confirming short-term consolidation with limited directional bias.
Price action is tightly packed near resistance, with $92K–$94K emerging as a key zone to watch for potential downside.
Bitcoin's weekly chart is showing a trend on which pundits are closely monitoring—a clean bearish divergence forming between price and RSI. While the BTC price continues to be stuck near its all-time highs, the Relative Strength Index (RSI) has started to diverge.
This split, appearing on the weekly time frame, is not a technical noise; it may be hinting at a subterranean shift in bull momentum. Prices remain high but are weakening with the RSI curving downward even as Bitcoin has a tight trading range close to the upper boundary. This follows lower volatility and short-term consolidation, initiating a concerning period in the overall uptrend.
Bearish Divergence Between Price and Weekly RSI Develops
The weekly chart shows Bitcoin forming higher highs in price, but the RSI indicator has failed to do the same. The current RSI reading has declined despite Bitcoin trading near previous peaks. This divergence suggests potential exhaustion in the bullish trend. Historical data shows that similar divergences have preceded corrective phases.
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Additionally, on the lower trend, a previous bullish divergence occurred near the 2022 bottom when RSI rose as price declined. That phase led to a strong reversal. However, the current divergence is of the opposite nature and may not favor bulls. These conditions appear during market tops when momentum weakens despite upward price pressure.
The divergence remains intact, and price has yet to break below key support zones. However, the loss of momentum implies that price could soon react, especially if the divergence extends.
BTC 1 hr Technical IndicatorsShow Mixed Reactions
On the hourly chart, Bitcoin's RSI remains neutral, hovering around the 50 mark with slight oscillations above and below. This reflects indecision in short-term market direction. While there are frequent minor RSI peaks, none have broken the 70 threshold, showing a lack of strong bullish momentum.
Source: TradingView
MACD on the same timeframe shows a mixed picture. Short bursts of positive momentum are being followed by similar-sized corrections. The MACD line remains close to the signal line, suggesting a range-bound structure. The histogram displays limited strength in either direction, keeping traders cautious. Until one side breaks out significantly, the market may continue this choppy action. No major trend has formed yet on the lower timeframe.
Price Cluster Forms Near All-Time Highs, Tight Resistance Persists
On the weekly timeframe, Bitcoin’s price has clustered around a resistance zone just under its recent highs. This level has rejected price advances multiple times. Despite this, no immediate breakdown has followed, suggesting buyers are still active but struggling to push through resistance.
This stalling, paired with RSI divergence, implies reduced upside pressure. The consolidation may resolve with increased volatility once either bulls regain strength or sellers push through support. Traders are watching the $92,000 to $94,000 level closely, where prior short-term activity gathered volume. This zone could act as a near-term magnet if the divergence continues to play out. For now, the price remains stable but under scrutiny.
