🚀 Is Bitcoin Preparing for a Historic Surge to $160K?
Bitcoin has been consolidating around the $105,000 mark after struggling to break past $110,000 earlier this month. The market remains in a state of indecision — bulls and bears are at a stalemate. But beneath the surface, a powerful signal is flashing on the 4-hour chart that could set the stage for Bitcoin’s next explosive move.
This same technical signal appeared in early April and was followed by a rally to Bitcoin’s all-time high of $111,800 on May 22. Now, history might be preparing to repeat itself.
📊 Bullish Divergence in Play:
On the 4-hour chart, price action shows Bitcoin making lower lows — but the RSI (Relative Strength Index) is showing higher lows. This divergence suggests that bearish momentum is fading and a bullish reversal could be brewing. It’s the same setup that triggered the surge from $74,000 to over $111,000 in just weeks.
🔍 Why This Matters:
Bullish RSI divergence often marks the early stages of a strong upward trend, especially when backed by rising trading volume. If this pattern plays out like it did in April, we could be witnessing the final stages of a hidden accumulation zone before the next breakout.
📈 What’s Next?
With Bitcoin trading just 5% below its all-time high, a decisive move could propel it beyond $111,800. If we see a repeat of April’s 50% rally, the next target could be as high as $160,000+.
Markets may appear calm, but the technicals are hinting at a storm — and for Bitcoin, that might mean a surge to uncharted territory.