Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

XRP -price recovers profit, but retains its bullish structure

2025-05-13

Top Crypto -Tokens to buy less than $ 0.5 that could reach $ 10 in the future: Shiba Inu (ShIB) is not on the list

2025-05-13

BSC -Validators, Not CZ, Dreef 90% Gas costs reduction, Binance Core Devs explains

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    BSC -Validators, Not CZ, Dreef 90% Gas costs reduction, Binance Core Devs explains

    2025-05-13

    Tron and Ethereum fight for the USDT top position

    2025-05-13

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-12

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12
  • NFT

    Animoca Brands plans our mention to record ‘unique moment’ of Trump administration: FT

    2025-05-13

    Donald Trump Jr. Splashes rumors about ‘Truth Social’ -Memecoin

    2025-05-13

    Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

    2025-05-12

    New details about Trump’s Memecoin leaks from the official website – this is what they intend

    2025-05-12

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP -price recovers profit, but retains its bullish structure

    2025-05-13

    Ethereum surpasses Bitcoin with a surprise rally beyond $ 2,500

    2025-05-13

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-12

    Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»BTC is rising while RSI confirms a bullish trend
Bitcoin

BTC is rising while RSI confirms a bullish trend

2024-09-29No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • BTC is up 4.16% over the past week, with fundamentals pointing to positive sentiments.
  • Despite the lows, the RSI confirms a bullish trend with a bullish RSI divergence.

Bitcoin [BTC] has seen strong upward momentum all month. Historically, September is associated with a bearish trend. However, a dramatic shift has occurred this month, with BTC making higher lows.

At the time of writing, Bitcoin was trading as high as $65,530. This marked an increase of 10.52% on the monthly charts, extending the uptrend over the past week with an increase of 4.16%.

However, over the past 24 hours we have seen a small correction with Bitcoin falling 0.46%.

Therefore, current market conditions have analysts talking about Bitcoin’s trajectory. One of them is the popular crypto analyst Caleb Franzen which suggested that a bullish trend will continue, citing bullish RSI divergence.

What market sentiment says

In his analysis, Franzen cited the bullish RSI divergence to argue that the bulls are dominating the market.

Source:

According to the analyst, the RSI has not formed a bearish RSI divergence on the daily charts. However, the RSI continues to confirm the bullish trend from the lows. Therefore, it confirms the bullish RSI divergence.

In context, the fact that there is no bearish divergence implies that the price increase is supported by momentum and that there is no significant sign of a reversal at this point.

When a bearish RSI divergence occurs, it signals weakening upside momentum and could indicate that a price correction is imminent.

So while BTC may have been making lower lows lately, the RSI is making higher lows, indicating momentum is increasing despite lower prices.

See also  Bitcoin correlation with stocks and bonds rises in August - why?

Normally, a bullish RSI divergence indicates that selling pressure is weakening and buying interest is growing, leading to further upside potential.

What BTC Charts Say

As Frazen noted, Bitcoin is enjoying favorable market conditions. Therefore, these market conditions could cause BTC to make even more gains on the price charts.

Source: Cryptoquant

For example, the Exchange Whale price has fallen from a high of 0.68 to 0.511 at the time of writing. This decline indicates that whales are moving their BT from the exchanges to private wallets.

Such market behavior is a bullish signal indicating that large investors have no plans to sell in the near term.

Source: Cryptoquant

Furthermore, Bitcoin’s net unrealized gain/loss (NUPL) has risen from a low of 0.4 to 0.51 over the past week. As the NUPL rises, it indicates that investors are seeing profits.

This usually happens during the bullish phase of the market, when prices rise above the purchase price. Therefore, this results in greater optimism as participants have more confidence in the future potential of the market and expect further price increases.

Source: Santiment

Finally, Bitcoin’s DyDx exchange funding rate has remained positive over the past week. A positive DyDx exchange funding rate suggests that holders of long positions pay those who take shorts to maintain their positions.


Is your portfolio green? Check out the BTC profit calculator


In such a market situation, investors are more inclined to take long positions in anticipation of price increases.

Simply put, Bitcoin is experiencing strong upward momentum with bulls dominating the market. Therefore, under these conditions, BTC will make further gains on the price charts by regaining the $66,500 resistance level in the short term.

See also  Bitcoin ETF outflows soar to $568 million as the market faces renewed volatility

Next: Dogwifhat: Why WIF’s next rally depends on a close above $2.5

Source link

BTC Bullish confirms Rising RSI Trend
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP -price recovers profit, but retains its bullish structure

2025-05-13

Why push the rate of the US-China 90-day Slash Bitcoin price above $ 110,000

2025-05-13

Metaplanet now contains more bitcoin than El Salvador, focuses on 10k BTC by 2025

2025-05-13

Saylor Hints on more Bitcoin buys as BTC Record is approaching high

2025-05-12
Add A Comment

Comments are closed.

Top Posts

Trump hits $ 52.5 million in Dex volume, but this can limit more top

2025-03-26

Consensys’ Infura has partnered with Microsoft and Tencent for a DIN service

2023-11-17

SEC Summons Crypto Venture Capital Firms in Possible Enforcement Actions Against Digital Asset Industry: Report

2024-08-11
Editors Picks

Blur holders see profits slipping away, but is a respite in sight?

2023-07-08

“If you can’t beat ’em, buy ’em” – Coinbase

2024-01-08

Biggest US banks are placing silent big bets on Bitcoin’s largest corporate holder, MSTR

2023-06-15

Dymension fails to reach consensus due to a poor validator set

2024-02-07
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

XRP -price recovers profit, but retains its bullish structure

Top Crypto -Tokens to buy less than $ 0.5 that could reach $ 10 in the future: Shiba Inu (ShIB) is not on the list

BSC -Validators, Not CZ, Dreef 90% Gas costs reduction, Binance Core Devs explains

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,690.96-0.18%
  • ethereumEthereum(ETH)$2,524.95-0.99%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.54-1.08%
  • binancecoinBNB(BNB)$653.78-5.07%
  • solanaSolana(SOL)$174.26-1.25%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.229035-6.35%
  • cardanoCardano(ADA)$0.80-4.96%
  • tronTRON(TRX)$0.265467-3.52%
  • suiSui(SUI)$4.00-2.48%
  • chainlinkChainlink(LINK)$16.73-3.81%
  • avalanche-2Avalanche(AVAX)$24.69-2.97%
  • stellarStellar(XLM)$0.309440-5.61%
  • shiba-inuShiba Inu(SHIB)$0.000016-6.37%
  • hedera-hashgraphHedera(HBAR)$0.210145-6.35%
  • hyperliquidHyperliquid(HYPE)$25.281.14%
  • the-open-networkToncoin(TON)$3.30-6.99%
  • bitcoin-cashBitcoin Cash(BCH)$402.94-3.30%
  • piPi(PI)$1.12-14.83%
  • polkadotPolkadot(DOT)$5.03-5.56%
  • unus-sed-leoUNUS SED LEO(LEO)$8.581.90%
  • litecoinLitecoin(LTC)$102.37-0.62%
  • moneroMonero(XMR)$341.49-0.58%
  • pepePepe(PEPE)$0.000014-3.19%
  • bitget-tokenBitget Token(BGB)$4.77-2.80%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$6.82-4.25%
  • bittensorBittensor(TAO)$457.82-0.87%
  • nearNEAR Protocol(NEAR)$3.12-3.73%
  • aptosAptos(APT)$5.81-4.47%
  • aaveAave(AAVE)$219.96-1.41%
  • okbOKB(OKB)$54.22-2.70%
  • ondo-financeOndo(ONDO)$1.03-4.03%
  • kaspaKaspa(KAS)$0.122006-2.93%
  • internet-computerInternet Computer(ICP)$5.66-6.67%
  • ethereum-classicEthereum Classic(ETC)$19.78-3.65%
  • gatechain-tokenGateToken(GT)$21.86-0.79%
  • render-tokenRender(RENDER)$5.15-2.89%
  • mantleMantle(MNT)$0.79-3.19%
  • crypto-com-chainCronos(CRO)$0.100067-1.54%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.252011-5.82%
  • vechainVeChain(VET)$0.030469-6.67%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.93-8.47%
  • ethenaEthena(ENA)$0.390055-5.74%
  • usd1World Liberty Financial USD(USD1)$1.00-0.66%
  • algorandAlgorand(ALGO)$0.238281-6.00%
  • filecoinFilecoin(FIL)$3.07-5.30%
  • arbitrumArbitrum(ARB)$0.427083-7.93%
  • bitcoinBitcoin(BTC)$103,690.96-0.18%
  • ethereumEthereum(ETH)$2,524.95-0.99%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.54-1.08%
  • binancecoinBNB(BNB)$653.78-5.07%
  • solanaSolana(SOL)$174.26-1.25%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.229035-6.35%
  • cardanoCardano(ADA)$0.80-4.96%
  • tronTRON(TRX)$0.265467-3.52%
  • suiSui(SUI)$4.00-2.48%
  • chainlinkChainlink(LINK)$16.73-3.81%
  • avalanche-2Avalanche(AVAX)$24.69-2.97%
  • stellarStellar(XLM)$0.309440-5.61%
  • shiba-inuShiba Inu(SHIB)$0.000016-6.37%
  • hedera-hashgraphHedera(HBAR)$0.210145-6.35%
  • hyperliquidHyperliquid(HYPE)$25.281.14%
  • the-open-networkToncoin(TON)$3.30-6.99%
  • bitcoin-cashBitcoin Cash(BCH)$402.94-3.30%
  • piPi(PI)$1.12-14.83%
  • polkadotPolkadot(DOT)$5.03-5.56%
  • unus-sed-leoUNUS SED LEO(LEO)$8.581.90%
  • litecoinLitecoin(LTC)$102.37-0.62%
  • moneroMonero(XMR)$341.49-0.58%
  • pepePepe(PEPE)$0.000014-3.19%
  • bitget-tokenBitget Token(BGB)$4.77-2.80%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$6.82-4.25%
  • bittensorBittensor(TAO)$457.82-0.87%
  • nearNEAR Protocol(NEAR)$3.12-3.73%
  • aptosAptos(APT)$5.81-4.47%
  • aaveAave(AAVE)$219.96-1.41%
  • okbOKB(OKB)$54.22-2.70%
  • ondo-financeOndo(ONDO)$1.03-4.03%
  • kaspaKaspa(KAS)$0.122006-2.93%
  • internet-computerInternet Computer(ICP)$5.66-6.67%
  • ethereum-classicEthereum Classic(ETC)$19.78-3.65%
  • gatechain-tokenGateToken(GT)$21.86-0.79%
  • render-tokenRender(RENDER)$5.15-2.89%
  • mantleMantle(MNT)$0.79-3.19%
  • crypto-com-chainCronos(CRO)$0.100067-1.54%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.252011-5.82%
  • vechainVeChain(VET)$0.030469-6.67%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.93-8.47%
  • ethenaEthena(ENA)$0.390055-5.74%
  • usd1World Liberty Financial USD(USD1)$1.00-0.66%
  • algorandAlgorand(ALGO)$0.238281-6.00%
  • filecoinFilecoin(FIL)$3.07-5.30%
  • arbitrumArbitrum(ARB)$0.427083-7.93%