🚨 Bitcoin Support Retest Underway, But Bulls Are Watching the RSI

Bitcoin is consolidating around $114,000 after clearing key levels at $111,000 and a 21-week EMA, signaling that the support retest is “in progress.”

On shorter time-frames, the RSI is showing a hidden bullish divergence, such as price higher low vs. RSI lower low, a classic early sign that upside may be coming.

Macro backdrop remains supportive: the expected Federal Reserve rate cut is still factored in, which tends to boost risk assets, including crypto.

🔍 Key takeaways for crypto-savvy traders

$BTC holding above $111,000 support translates to extra bullish momentum.

Failing the retest could mean the risk of a pullback toward $110,000.

Watch RSI and volume: if RSI climbs while volume picks up, the breakout bias strengthens.

Macro calendar still matters: rate cut hopes and supportive liquidity create a tailwind; disappointment, on the other hand, is a risk.

🧠 Bottom line: Bitcoin’s in a setup phase rather than a full breakout yet. The support retest and RSI signal look promising, but confirmation will come only if the price holds the levels and resumes the upward leg. Good time to be alert.