Bitcoin rallies to $113.9K as bullish divergence points to trend reversal
Bitcoin’s bullish divergences on the RSI metric, along with record-low volatility, were early signs that the rally to $113,900 was in the making. Is the sell-off over?
Key takeaways:
Bitcoin bounced to $113,900 after testing weekly lows, fueled by bullish divergences.
Whale-sized entities have sold 147,000 BTC since August, signaling supply pressure.