#CryptoRoundTableRemarks Bitcoin forms a bullish RSI divergence as selling momentum weakens despite price declines below $80,000 this week.
U.S. CPI data release today could influence rate cut expectations, with markets now forecasting four Fed cuts in 2025, up from just one in January.
A softer-than-expected inflation report could fuel a Bitcoin rebound, while a hot CPI print may trigger further downside.
Bitcoin’s Technical Setup Points to Potential Reversal
Bitcoin (BTC) has suffered a sharp decline from its $100,000 high last month to below $80,000 this week, impacted by:
Wall Street’s risk-off sentiment due to Trump’s trade tariffs and recession fears.
Disappointment over Trump’s Strategic Bitcoin Reserve, which did not include fresh BTC purchases.
Broader market concerns over interest rates and economic uncertainty.
However, a bullish RSI divergence has emerged on BTC’s daily chart. The Relative Strength Index (RSI) formed a higher low, while Bitcoin’s price hit a lower low, signaling that selling pressure is weakening—a potential indicator of a trend reversal.