According to PANews, Matrixport's latest report highlights a significant technical divergence between Bitcoin's price and its Relative Strength Index (RSI). Despite Bitcoin maintaining a price above $100,000, the RSI has been consolidating, indicating a weakening momentum in the underlying trend.
Historically, strong buying opportunities have only emerged when the RSI drops to around 40% during correction and consolidation phases prior to 2024. Currently, the RSI is close to this level at 48%, but has not yet reached it, suggesting that entering new long positions might be premature. A more strategic approach would be to remain patient and wait for the optimal entry point.