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Crypto analyst Rekt Capital noted that a significant technical resistance has formed around the $80,000 level on <a href="https://xpertsstudio.com/bitcoin-crypto-market-pumps-on-spot-demand/” title=”Bitcoin: Crypto Market Pumps on Spot Demand”>Bitcoin’s daily chart, and a hidden bearish divergence is visible between the price and the RSI indicator.
According to the analyst, Bitcoin’s lows in February and June 2026 occurred in similar price zones, with the Relative Strength Index (RSI) falling to similar oversold levels in both periods. Following both bottoming movements, the Bitcoin price rose again to around $80,000.
Rekt Capital noted a significant difference when comparing the current outlook to the May 2026 surge. According to them, while Bitcoin has risen back to around $80,000, the price has formed a lower peak below the previous high. The RSI indicator, however, has risen above its previous level, recording a higher peak during the same period.
In technical analysis, when the price forms lower peaks while the RSI reaches higher peaks, this is considered a hidden bearish divergence. This pattern may indicate that the current upward momentum is not being confirmed by the price and that selling pressure could strengthen again.
According to Rekt Capital, this negative technical outlook will remain valid as long as Bitcoin fails to break above the resistance zone around $80,000 and establish a new and higher peak.
*This is not investment advice.
Source: cryptonews.net