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BTC shows a daily hidden bearish divergence around the $80,000 level. Unless it breaks above the previous high, this signal will persist

2026-08-30 05:11

Odaily News: Rekt Capital posted on X platform, stating that Bitcoin's cyclical lows in February and June 2026 were in roughly the same price zone, with the RSI also at nearly identical oversold levels. After both bottoms, Bitcoin rebounded to approximately $80,000. Compared to the May 2026 high, this round's rally back to around $80,000 saw the RSI show significantly higher overbought conditions, yet the price formed a lower high. The RSI making a higher high while the price makes a lower high indicates a hidden bearish divergence at the key resistance level of approximately $80,000 on Bitcoin's daily chart. As long as Bitcoin's price fails to break through and form a new higher high, this hidden bearish divergence will continue to persist.