Bitcoin Weekly Divergence

ByteFolio Issue 219;

Bitcoin’s ByteTrend Score has increased to a 3, having scored 2 last week. The price has risen back above the 30-day moving average and made a 20-day high by touching the max line. The short-term trend is rising, and the 200-day moving average is just 9% higher.

Bitcoin Daily

It is too early to tell whether Bitcoin has bottomed, but the odds are improving. There’s an age-old theory by the chart watchers that when RSI diverges, it signals a change in direction. Like all things charts, sometimes it works very well, but you shouldn’t bet a kidney on it.

Bitcoin Weekly RSI

Also promising is Ethereum. It scores a 3 on the daily chart, meaning that it has been rising faster than Bitcoin in recent weeks. This is a good omen.

Ethereum in Bitcoin

Bitcoin is at block height 959,114. Halving takes place at 1,050,000, meaning there are just 90,886 blocks to go. That ought to mean halving takes place on 13 April 2028, just 631 days away. The pre-halving rally ought to kick in by Christmas.

Bitcoin Halving Cycles