Matrixport: A significant technical divergence has appeared between Bitcoin prices and RSI, indicating a weakening momentum

ChainCatcher news, Matrixport released today's chart stating that there is a significant technical divergence between Bitcoin's price and the Relative Strength Index (RSI). Although Bitcoin's price has remained above $100,000, the RSI has been in a consolidation phase, indicating that the momentum of the potential trend is weakening.

Looking back at the corrections and consolidation phases before 2024, historically, strong buying opportunities only arise when the RSI drops to around 40%. Currently, while the RSI is close to that level (48%), it has not yet reached it, so entering new long positions may be premature. A more strategic approach is to remain patient and wait for the best entry point.