The bullish divergence in the Relative Strength Index (RSI) just flashed on the Bitcoin chart for the first time in 2026. Veteran macro investor Jordi Visser said this is a good sign and will change the market for the next couple of months.
Visser spoted the bullish divergence in RSI on the 4-hour chart. Price made a new low after breaking the $60,000 level but RSI remains higher as it on the previous low. He said
“As a trader, I go, well, now I can buy something when we get back above 60, and I’ll just stop myself back out below the lows,”
Visser, who also follows the Elliott wave theory, said that BTC is near the bottom however he said there is chances that price may drop to $50,000 or even $45,000 in short term. He added: “As a trader, I go, well, now I can buy something when we get back above 60, and I’ll just stop myself back out below the lows.”
Where the Money has Gone
He said that he underestimate how much captial is gone towards AI stocks than crypto. People are going for AI companies with good products.
FED next interest rate hike date is 29 July and the odds on the Polymarket are 35 to 40. Visser added that Polymarket is in oppose of rate hike and AI could bring short inflation bump and longer deflation nature.
Bitcoin remains relatively stable, with no significant developments in the market at this time. Let’s observe how the upcoming week begins. The support and resistance levels remain $60,000 and $65,000 respectively.
Source: https://bitcoinik.com/bitcoin-may-rally-towards-70000-if-fed-skips-rate-hike/
