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BTC price faces crucial trend battle as Bitcoin RSI confirms breakout -Breaking

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© Reuters.

(BTC) may have stopped short of $40,000, but this week’s gains have helped spark a more significant breakout for underlying price strength.

1-hour candle chart (Bitstamp). TradingView

Source: Cointelegraph Markets ProAnd TradingViewThis week, the relative strength index has shown that BTC prices have been above $37,000 for the past week. It diverges from a long-term downtrend.

Bitcoin RSI vs. BTC/USD Annotated Chart. Source: Crypto Ed/Twitter