Related: Bitcoin sellers 'dry up' as weekly exchange inflows near 2-year lowFor popular trader and analyst Rekt Capital, longer-timeframe cues remained encouraging.#BTC Bitcoin is already recovering and on the cusp of filling this recently formed CME Gap$BTC #Crypto #Bitcoin pic.twitter.com/PSbAESmqnY— Rekt Capital (@rektcapital) April 4, 2025“Bitcoin is also potentially forming the very early signs of a brand new Exaggerated Bullish Divergence,” he continued, looking at relative strength index (RSI) behavior on the daily chart.“Double bottom on the price action meanwhile the RSI develops Higher Lows.$82,400 needs to continue holding as support.”BTC/USD 1-day chart with RSI data.
Source: Rekt Capital/XFellow trader Cas Abbe likewise observed comparatively resilient trading on Bitcoin amid the risk-asset rout.“It didn't hit a new low yesterday despite stock market having their worst day in 5 years,” he noted to X followers. “Historically, BTC always bottoms first before the stock market so expecting $76.5K was the bottom.
Source: Cointelegraph/TradingViewUS stocks notch record losses as analysts predict “long trade war”Data from Cointelegraph Markets Pro and TradingView showed erratic moves on Bitcoin’s lower timeframes as the daily high near $84,700 evaporated as BTC price dropped by $2,500 at the start of the US trading session.
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Author / Journalist: Cointelegraph by William Suberg
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