Bitcoin Price Rise Sparks RSI Divergence Concerns Amid 80K Target

Bitcoin's price rise has been accompanied by an increase in yin-yang momentum, also known as RSI divergence. This phenomenon is being closely watched by analysts who predict a potential breakout above $80,000.

The current market situation shows a disconnect between the price movement and the relative strength index (RSI). The RSI has been rising while the price has been increasing, which can be a sign of overbought conditions. However, the price has not yet reached its peak, indicating that there is still room for growth.

According to recent data, Bitcoin's price has increased by 1.01% in the last 24 hours, reaching $64,729. Additionally, over 61,800 whales have been involved in transactions within the past week, and more than 712,000 active wallets have been recorded.