Bitcoin News Today: Bitcoin's OBV Signals Hidden Bullish Divergence and Stable Support

Bitcoin’s On-Balance Volume (OBV) indicator continues to serve as a key technical reference for traders, with its recent behavior suggesting caution against selling and indicating ongoing bullish momentum. The indicator has historically signaled major turning points in Bitcoin’s price cycles, including support levels at $60,000 and $75,000, and resistance near $105,000. So far, no sell signal has emerged, suggesting that the current upward trend may not be exhausted [1].

The OBV chart shows a clear ascending channel that has aligned with Bitcoin’s past movements, reinforcing its reliability as a predictive tool. Analysts highlight that Bitcoin’s recent bounce off the $75,000 level has been accompanied by strong buying pressure, as evidenced by the volume accumulation. This is further supported by the absence of a sell signal from the OBV, which implies that bulls remain in control. The pattern aligns with broader market dynamics, including rising institutional interest and Bitcoin’s ability to form higher lows amid short-term volatility [1].

Another development reinforcing this bullish setup is a hidden bullish divergence observed in the OBV on the daily chart. This occurs when Bitcoin forms a lower price low but a higher volume low, indicating that informed market participants are accumulating assets even amid price dips. The divergence suggests waning selling pressure and the potential for a reversal or renewed upward movement. The support level that Bitcoin stabilized at appears to be holding, acting as a psychological floor and a focal point for buying interest [1].

For traders, confirmation on shorter timeframes such as 4-hour or hourly charts will be important before committing to long positions. A breakout above the support level accompanied by increased volume could validate the bullish case and set the stage for a medium-term rally. Historical precedents suggest that similar OBV divergences have led to price gains of 10–20% in previous cycles, offering a benchmark for potential gains [1].

Despite these positive signals, traders are advised to remain cautious and implement risk management strategies. While the OBV divergence and stable support levels are compelling, they do not guarantee immediate price surges. External factors such as macroeconomic trends and broader market sentiment can still influence Bitcoin’s trajectory. Stop-loss orders placed below key support levels are recommended to mitigate downside risks.

The implications of this technical setup extend beyond Bitcoin itself. A sustained price rebound could bolster confidence in the broader crypto market, potentially boosting altcoin activity and influencing other crypto-related assets. For now, the OBV remains a critical tool for traders navigating Bitcoin’s near-term outlook.

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[1] https://blockchain.news/flashnews/bitcoin-btc-daily-chart-signals-hidden-bullish-divergence-on-obv-and-stable-support-level