According to widely followed crypto analyst Rekt Capital, Bitcoin is flashing bullish signals after retesting range lows. The analyst points to bullish divergence on the daily chart, where the price of Bitcoin has recorded lower lows while indicators like the Relative Strength Index (RSI) show higher lows. However, for Bitcoin to fully confirm this bullish signal, it needs to reclaim $97,700 as support. The analyst also notes that Bitcoin remains in an uptrend after printing a bull flag pattern on the monthly chart. Lastly, Bitcoin may be gearing up for a breakout after holding the $93,500 support level on the weekly chart. At the time of writing, Bitcoin is trading at $97,619, up 1.6% in the last 24 hours.



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