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Matrixport: A technical divergence has appeared between the Bitcoin price and RSI, suggesting to wait for the best entry point

Matrixport: A technical divergence has appeared between the Bitcoin price and RSI, suggesting to wait for the best entry point

Bitget2025/02/05 06:49

Matrixport released a new report stating that there is a clear technical divergence between the price of Bitcoin and the Relative Strength Index (RSI). Despite Bitcoin's price consistently staying above $100,000, the RSI has remained in consolidation, indicating that the momentum of potential trends is weakening.

Looking back at corrections and consolidation phases before 2024, historically strong buying opportunities only occurred when the RSI dropped to around 40%. Currently, although the RSI is close to this level (48%), it has not yet reached it. Therefore, entering new long positions may be premature. A more strategic approach would be to remain patient and wait for an optimal entry point.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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