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Bitsky000

06/22 17:14

Bitcoin weekly close above $63K amid RSI divergenc

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Bitcoin weekly close above $63K amid RSI divergence may be bottom signal: Data Bitcoin (BTC) continues to exhibit a strong technical setup after holding a weekly close above $63,000 for three consecutive weeks since tagging a new 2026 low near $59,000. This pattern closely resembles a bottom-building phase seen in previous trend reversals in bearish periods. At the same time, Bitcoin futures open interest has fallen 19.5% from its June peak, funding rates have cooled to 0.02% from 0.1%, and spot Bitcoin exchange-traded fund (ETF) outflows have slowed sharply to $540 million over the past two weeks from $5.5 billion the prior month. Together, the data points to a market that is shedding excess selling pressure while holding near a key support zone for BTC.
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