Degen

Bitcoin (BTC) has reached the $85,000 range, showing positive signs of a market reversal.

The daily chart’s relative strength index (RSI) is testing the downtrend line from November 2024 as new support.

Analysts are noting that for the first time in 6 months, Bitcoin is in a position to create a bullish divergence on the weekly chart.

Experts believe that the price bottom has been established at $76,000 and the long-term uptrend is still intact, although it may take a few weeks for the growth to continue.