Bitcoin Shatters $114,000 Barrier as Hidden Divergence Signals Explosive Bull Run
Bitcoin isn't just breaking records—it's rewriting the rulebook. Surging past the $114,000 mark with a hidden divergence pattern flashing bullish, the king of crypto proves once again that traditional finance moves at dial-up speed in a fiber-optic world.
The Technical Setup
Hidden divergence patterns don't show up often, but when they do, traders pay attention. This one suggests momentum is building beneath the surface—like a coiled spring ready to launch prices into uncharted territory. Forget what the skeptics say; the charts are speaking louder than any central banker's worried frown.
Market Impact
Every breakout above a key level like $114,000 sends shockwaves through altcoins and traditional assets alike. Investors who've been sitting on the sidelines are now scrambling—nothing fuels FOMO like a number that used to be a joke in mainstream finance circles.
Why This Time Is Different
This isn't 2021's retail-driven mania. Institutional money, regulatory clarity (as much as it exists), and genuine utility are propping up this rally. Sure, some still call it a speculative bubble—but even bubbles can make fortunes before they pop.
Looking Ahead
If history's any guide, Bitcoin doesn't do things by halves. A move like this could just be the warm-up act. But keep one eye on leverage—the same volatility that creates millionaires also ruins overconfident traders. After all, Wall Street still hasn’t figured out that ‘risk management’ isn’t just a boring PowerPoint topic.
Bitcoin Revealing Hidden Bullish Divergence
Technical analysis of Bitcoin’s weekly candlestick timeframe chart, which was posted on the social media platform X by crypto analyst CrypFlow, shows that bitcoin could be on track to resume its journey of new all-time highs.
Last week’s close means that Bitcoin has confirmed a higher price low in the weekly timeframe following the pullback that began after its August all-time high. As shown in the weekly candlestick chart below, this low is a higher low compared to June’s low below $100,000.
On the other hand, while the price printed a higher low, the Relative Strength Index (RSI) posted a lower low in the same time frame. This mismatch between price and momentum creates what is called a hidden bullish divergence, which is a technical pattern that suggests bullish continuation.
The weekly candlestick chart shared by CrypFlow shows Bitcoin defending an important support level around $114,000 and is now on two bullish weekly candlesticks. According to the analyst, if this divergence is confirmed as expected, it could provide the foundation for Bitcoin to push to new highs again. At the time of writing, Bitcoin is trading 5.7% below its current all-time high of $124,128.
Stochastic RSI Flips Bullish
The stochastic RSI indicator on the weekly timeframe has just flipped bullish, though confirmation will depend on how Bitcoin closes in the coming sessions. The last time such a bullish flip occurred on the weekly timeframe was in April, just before Bitcoin kickstarted a run that saw it close at bullish prices for seven consecutive weeks. A similar playout could see Bitcoin register at least five more bullish weekly closes in the coming weeks.
The upcoming macroeconomic events could introduce volatility into the crypto industry, and this is worth keeping an eye on. The Federal Open Market Committee (FOMC) is set to meet on Wednesday, and expectations are running high that policymakers will announce an interest rate cut of 25 basis points or possibly even 50 basis points. An interest rate cut could have different effects, and history has shown that this could shift investor sentiment toward Bitcoin and other large-cap cryptocurrencies.
At the time of writing, Bitcoin is trading at $117,040, already playing out bullish continuation by being up by 9% from its September open.
