BTC price faces crucial trend battle as Bitcoin RSI confirms breakout By Cointelegraph

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(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). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView shows that sustained BTC price action above $37,000 this week has allowed the relative strength index (RSI) to diverge from a multi-month downtrend.

Bitcoin RSI vs. BTC/USD annotated chart. Source: Crypto Ed/Twitter