Bitcoin Displays Early Signs of Bullish Divergence, Analyst Reports

Crypto analyst Rekt Capital indicates that Bitcoin (BTC) is showing early signs of bullish divergence, potentially targeting $101,000 as a milestone.

Key Points

BTC has faced macroeconomic uncertainties since February, including trade tariffs and Federal Reserve statements.
The cryptocurrency remains range-bound between $93,000 and $98,000.
Bullish divergence noted as BTC's RSI forms a higher low while price makes lower lows.
Recent price action shows BTC struggled to close above $97,700, finding support at $93,000.
Analyst Merlijn The Trader warns about the 100-day EMA at $93,500, suggesting potential drop to the 200EMA at $86,000 if this level is breached.
CryptoBullet highlights a CME gap from November, indicating BTC may retrace to $76,000 to fill it.
Bitwise executives assert Bitcoin presents a "generational opportunity" despite global macroeconomic issues.
As of now, BTC trades at $96,168, up 1.3% in the last 24 hours.