Bitcoin ($BTC) has triggered an exclusive bullish momentum. With the confirmation of a hidden bullish divergence, Bitcoin ($BTC) presents a significant potential for upward price trajectory. The well-known crypto analyst took to social media to share insights into the ongoing bullish outlook of the flagship crypto asset.

Bitcoin Records Bullish Momentum as Hidden Divergence Is Confirmed

An analyst, Javon Marks, is of the view that Bitcoin ($BTC) has recently confirmed a concealed bullish divergence. This divergence reportedly deals with short-term periods. In line with this development, Bitcoin ($BTC) has reportedly surged following recent validation a hidden bullish divergence on short timeframes. Hence, the respective development highlights the commencement of a big continuation run in the near term.

Based on the data from the 23rd of June onwards, the price of Bitcoin ($BTC) has been forming higher lows. This is a sign of a significant upward momentum. Simultaneously, the Relative Strength Index (RSI) of Bitcoin has been forming lower lows. This points toward a waning bearish pressure. The respective development is often translated as a continuation sign when an uptrend is going on.

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Apart from that, hidden bullish divergence takes place when strength is shown by price action with higher lows while RSI and other such indicators signify oversold conditions with lower lows. The respective mismatch occurs before a price jump, as it indicates that the core trend stays intact irrespective of short-term weakness. Additionally, the recent price behavior of Bitcoin goes in line with this overview. Following a short-term consolidation, the top cryptocurrency has started to surge again, suggesting the potential role of the divergence as a launchpad leading to more gains.

Amid Heightened Institutional Interest, Bitcoin Shows Potential to Get More Inflows

This bullish momentum comes at a point when wider market sentiment is turning cautiously optimistic. Currently, institutions are taking more interest in digital assets amid investors’ movement toward alternative value storage vehicles due to a push from macroeconomic uncertainty. In this scenario, the technical resilience of Bitcoin ($BTC) could attract more inflows.