Bitcoin price has confirmed a bullish divergence on the daily chart as liquidation levels shot up on Monday.

The daily chart for Bitcoin shows that its Relative Strength Index has formed a bullish divergence with its price, which has been in a prolonged downtrend since mid-January.

Besides the bullish RSI, another positive indicator came from the MACD histogram and moving averages, which showed the MACD line had just crossed over the signal line, a telltale sign of an incoming bullish trend. Together, these indicators suggest that bullish momentum seems to be building, with bulls starting to assert dominance over the market.

Bitcoin bulls brace for a pivotal week

The shift comes after Bitcoin bulls attempted a rebound after the bellwether fell near the $65k support zone on Thursday. The asset rose sharply over the following days but faced resistance around $71k for the second time in the past 7 days, as investors remained on the sidelines awaiting key economic data expected to be released this week.

Upcoming macro data should illuminate the Fed’s stance on monetary easing for the remainder of 2026, offering the structural clarity necessary for Bitcoin to establish its next trend.

Key levels to watch

For now, the path of least resistance for Bitcoin Btc (-2.21%) appears to be higher, with the $71K resistance line acting as the next key resistance level that traders will keep an eye on this week. 

A decisive break above it could lead to a reclaim of $75,000, which has previously served as a key support area in past cycles. On the contrary, a drop under $65,000 could validate the downtrend towards a likely retrenchment towards the $60K low observed on Feb. 6.

Sources >> Bitcoin price confirms bullish divergence as liquidations spike, eyes $71k resistance