Technical analysis by ALRASHYD_ about Symbol BTC on 3/20/2025
https://sahmeto.com/message/3365772
ALRASHYD_
Rank: 32283
Analytical Power:
1.3
BTC : Trendline, Fib, and RSI Divergence—Ready to Break Out?
:Neutral
Price at Publish Time:
$86,348.52

Let’s talk Bitcoin (BTCUSD) on this daily chart—it’s putting on a show! We’ve got a sweet bounce off that trendline, The bounce happened right at the golden Fibonacci extension level, which is spot for a reversal. And check this—the RSI is showing some nice divergence, giving us a solid signal that the bulls might be waking up. This is a strong setup for a new upward wave, but the real confirmation comes if BTC can break through that descending trendline up ahead. If it does, we could be looking at a run toward. Let’s keep our eyes on that breakout—things are getting exciting!
Source Message: TradingView