Bitcoin Weekly Divergence
There’s an age-old theory by the chart watchers that when RSI diverges, it signals a change in direction.
There’s an age-old theory by the chart watchers that when RSI diverges, it signals a change in direction.
BTC has risen back above the 30-day moving average and made a 20-day high. The worst outcome has so far been averted.
The regulatory picture is quietly improving for crypto, and that is where most of the market is now looking for its next catalyst.
The past week has been tough, with BTC down 18% since the May peak. In this update, I will explore some of the reasons.
While Bitcoin and KOSPI have historically been correlated, they diverged last summer, with the attention shifting towards chips.
💡This issue covers Solana (SOL), Near (NEAR) and Tron (TRX). ByteFolio Issue 149; You’d think a US Bitcoin strategic