Hidden Bearish Divergence Forms Around $80,000 in Bitcoin Price Action
Crypto analyst Rekt Capital has identified a potential bearish divergence in Bitcoin's price action. According to their analysis, a significant technical resistance zone has formed around $80,000 on Bitcoin's daily chart. A hidden bearish divergence is visible between the price and the Relative Strength Index (RSI) indicator.
Rekt Capital noted that Bitcoin's lows in February and June occurred in similar price zones, with the RSI falling to similar oversold levels in both periods. Following these bottoming movements, the price rose again to around $80,000.
However, there is a significant difference when comparing the current outlook to the May 2026 surge. While Bitcoin has risen back to around $80,000, the price has formed a lower peak below the previous high. The RSI indicator, however, has risen above its previous level, recording a higher peak during the same period.
This pattern is considered a hidden bearish divergence in technical analysis, indicating that the current upward momentum may not be confirmed by the price and that selling pressure could strengthen again. According to Rekt Capital, this negative technical outlook will remain valid as long as Bitcoin fails to break above the resistance zone around $80,000 and establish a new higher peak.