Is the Worst Over for Bitcoin? BTC Price Flashes Bullish Signal
The post Is the Worst Over for Bitcoin? BTC Price Flashes Bullish Signal appeared on BitcoinEthereumNews.com.
TL;DR: Bitcoin’s RSI divergence shows weakening downside momentum, hinting at a potential shift toward potential recovery. Short-term holders offloaded 30.9K BTC to exchanges, taking realized losses worth about $3.3 billion. Persistent negative exchange netflows point to accumulation, reducing supply available for immediate selling pressure. Bullish Divergence on the Chart Bitcoin is showing early signs of a possible reversal after its latest decline. The price has fallen from above $114,000 to around $111,500, making lower lows. At the same time, the Relative Strength Index (RSI) has moved higher, forming a bullish divergence on the 2-hour chart. Analyst Merlijn The Trader commented: $BTC JUST FLASHED A BULLISH DIVERGENCE. Price made lower lows. RSI made higher lows. After the dump… momentum is shifting. This is where reversals are born. pic.twitter.com/kP6RGwZ4PQ — Merlijn The Trader (@MerlijnTrader) September 23, 2025 Higher closes following the drop suggest momentum is starting to move away from sellers. At the moment, Bitcoin is trading near $112,700 with a daily volume close to $49 billion. It has slipped slightly in the last 24 hours and is down 4% over the past week. The immediate support range sits between $111,500 and $113,000. Merlijn pointed to two potential outcomes. “AFTER THE DUMP COMES OPPORTUNITY. $BTC just gave us the setup legends wait for,” he said. In one scenario, Bitcoin holds above support and rebounds toward $124,000. In the other, the level breaks, sending price lower into the $102,000–$104,000 range before staging a recovery toward $120,000. Source: Merlijn The Trader/X Short-Term Holders Selling at a Loss On-chain flows show heavy selling pressure from short-term holders. Analyst Ted noted: $3,390,000,000 $BTC is moved to exchanges. Greed ✅ → fear ⌛️→ selloff → accumulation → rally. https://t.co/jgwtRaEVFt pic.twitter.com/dqgzkU9O6C — Ted (@TedPillows) September 23, 2025 Data indicates about 30.9K BTC was moved to exchanges within 24…
Filed under: News - @ September 24, 2025 10:25 am