At the time of writing, the flagship cryptocurrency trades at $59,500 following an ongoing upswing from the support at $56,000.
Note that the bearish impulse comes into the picture when the RSI breaks away from the asset’s price.
At the time of writing, the RSI has broken the negative divergence, confirming that the trend has turned bullish.
Meanwhile, Bitcoin must make one last break above $60,000 to affirm the breakout.