Bitcoin due new 'big rally' as RSI copies 2018 bear market recovery

Bitcoin due new ‘big rally’ as RSI copies 2018 bear market recovery


Bitcoin (BTC) is in for a new “big rally” as market strength copies conditions from after the 2018 bear market.

According to the latest analysis, BTC/USD will continue to head higher “after some consolidation” thanks to key signals from its relative strength index (RSI).

Bitcoin prints never-before-seen bullish divergence

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With the BTC price gains still coming, Bitcoin bulls are feeling increasingly confident despite widespread mistrust of the longevity of the current rally.

For popular trader Crypto Wolf, a key phenomenon now underway sets Bitcoin’s latest recovery apart from all others.

RSI, he noted on Jan. 18, had printed a long-awaited bullish divergence on weekly timeframes — something which has never happened before.

“BTC printed a rare weekly RSI bullish divergence. Never happened in BTC history, a once in a life opportunity,”

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