BTC Price Analysis: Hidden Bullish Divergence Forms on Weekly Chart

⬤ Bitcoin (BTC) is hanging tight after pulling back from recent highs, with the weekly chart painting an interesting technical picture. Price is still riding above a well-defined ascending trendline that’s been guiding the uptrend since mid-2023. The Relative Strength Index is now forming a hidden bullish divergence—a pattern that usually signals trend continuation rather than a full-blown reversal.

⬤ BTC is currently trading in the upper $80,000 range after getting rejected at higher levels, but it hasn’t broken any major support zones. While the weekly candles show some short-term weakness, the pattern of higher lows is still holding strong. Meanwhile, the RSI has been trending lower and sits near the low-40s, even though price hasn’t made a corresponding lower low. This mismatch between price action and momentum is exactly what defines the hidden bullish divergence visible on the chart.

⬤ Hidden bullish divergence typically shows up during pullbacks within established uptrends, suggesting that downside pressure is fading while buyers keep defending important levels. The rising trendline continues doing its job as support, backing up the idea that the broader bullish structure is still intact. We don’t have confirmation of a fresh rally yet, but the setup suggests selling pressure might be running out of steam as long as this support level holds.

⬤ This matters for the wider crypto market because Bitcoin usually sets the tone for digital assets as a whole. If BTC can keep holding above that ascending trendline while momentum conditions improve, we could see the prevailing trend pick back up. On the flip side, a clean break below this structural support would kill the divergence signal and raise the risk of a deeper consolidation phase. The next few weekly closes are going to be crucial for determining where the market heads next.