Analyst: Bitcoin’s daily chart shows hidden bearish divergence, forming a key resistance near $80,000
7 days ago
Crypto analyst Rekt Capital has published a technical chart analysis for Bitcoin, pointing out that Bitcoin’s phase lows in February and June 2026 both landed in roughly the same price range, while the Relative Strength Index (RSI) also sat at nearly identical oversold levels. Following both bottoming events, BTC rallied to around $80,000. He noted that compared to the May 2026 high, this time when BTC rose back to roughly $80,000, the RSI’s overbought level was markedly higher, yet the price itself formed a lower high. The RSI’s higher high paired with the price’s lower high creates a hidden bearish divergence on BTC’s daily timeframe at the key psychological resistance level of approximately $80,000. This hidden bearish divergence will persist as long as BTC fails to break out and form a new higher high.
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