📈 Bitcoin Shows Signs of Recovery Despite Recent Decline Despite a recent retreat in Bitcoin’s price, technical indicators are showing signs of recovery, drawing attention from analysts. The weekly RSI moved above 34, a rare positive divergence signal that may suggest selling pressure is easing. Bitcoin is holding near the 200-week simple moving average (~$62,000), historically marking bear market bottoms. Key resistance zones are at the 50-week SMA (~$91,755) and above $90,000. Analysts note that a break above $64,000–$65,000 could lead to $71,500–$73,000 and potentially $79,000. Downside risks remain: a weekly bear flag breakdown could push the price below $50,000 if the lower support line fails to hold. Full text is available on our news portal https://t.co/zPCES16vLj #cryptemic #cryptemicacademy #crypto #bitcoin #RSI #technicalanalysis
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