Matrixport: There is a clear technical divergence between Bitcoin price and RSI, indicating that its momentum is weakening

CoinRank News: Matrixport released todays chart, saying that there is a clear technical divergence between the price of Bitcoin and the relative strength index (RSI). Although the price of Bitcoin has remained above $100,000, the RSI has been in a consolidation state, indicating that the momentum of the underlying trend is weakening. Looking back at the correction and consolidation phases before 2024, strong buying opportunities have historically only occurred when the RSI fell to about 40%. At present, although the RSI is close to that level (48%), it has not yet reached it, so it may be too early to enter a new long position. A more strategic approach is to remain patient and wait for the best entry point.