🔥 Is the Bitcoin Bull Run Back… or Just Bluffing? RSI Sends Mixed Signals

After dipping below $85,000 and surging to highs of $104,700 in the past month, Bitcoin has been on a wild ride since mid-April. The bullish momentum, largely driven by renewed interest in Bitcoin ETFs and a fresh wave of capital, sparked optimism among investors.

But now, the rally may be losing steam.

Despite several attempts, BTC has failed to break out of the $102,000–$105,000 resistance zone. This consolidation has cast doubt on the strength of the recent uptrend.

Chartered Market Technician Tony Severino took to X to share a compelling breakdown of BTC’s recent behavior. According to Severino, Bitcoin might be lacking the classic technical signals associated with strong bullish momentum.

His analysis points to the Relative Strength Index (RSI)—a momentum indicator that gauges whether an asset is overbought or oversold. Traditionally, an RSI above 70 suggests overbought conditions, while readings below 30 hint at oversold territory.

Currently, BTC trades near $103,676, with minimal movement in the last 24 hours. CoinGecko data shows only a 0.8% gain over the past week, reflecting the sluggish price action.

So—are we witnessing a healthy pause before the next leg up… or the start of a bigger slowdown?

#BTC #BinanceAlpha $1.7MReward #EthereumSecurityInitiative #MastercardStablecoinCards #CryptoRegulation $BTC $ETH $XRP