Bitcoin and altcoins may be on the verge of a bullish breakout following a surprising statement from a senior Federal Reserve official. In a statement, Federal Reserve Governor Christopher Waller said the central bank could slash interest rates as early…

Surprise Fed statement sparks hopes of Bitcoin and altcoin rally

Bitcoin is currently hovering in a tightly compressed price range after 
failing multiple times to break above $110,000 earlier this month. The past 
few days have been characterized by the leading cryptocurrency trading around 
$105,000, with neither bulls nor bears taking control. Despite the overall 
consolidation, a subtle yet significant signal is starting to flash beneath 
the surface, particularly on the 4-hour chart, that might send Bitcoin to a 
new all-time high soon. Return Of Rare Divergence Pattern On Bitcoin’s 4H 
Chart Crypto analyst Luca (@CrypticTrades_) took to social media platform X to 
share a chart that highlights an important technical development on Bitcoin’s 
4-hour timeframe: the return of a bullish divergence. This signal, which 
previously appeared in early April, preceded the massive rally that catapulted 
Bitcoin to its May 22 all-time high of $111,800. The same divergence is 
forming once again and another Bitcoin price breakout may be very close. 
Related Reading: Why The Bitcoin Price Could See Another 70%-170% Jump From 
Here As shown in the 4-hour candlestick timeframe chart below, the divergence 
is clearly illustrated between price action and the Relative Strength Index 
(RSI). Price has been forming lower lows, while the RSI has been printing 
higher lows. This mismatch serves as an early indicator that selling momentum 
is fading, and a reversal to the upside could follow. The previous instance of 
this pattern directly preceded a sharp move from a $74,000 low in early April 
to above $111,000 in just a few weeks. What Does This Divergence Mean For 
Bitcoin’s Price? Bullish divergences on mid-timeframe charts like the 4-hour 
have a reputation for being the first reversal signals when supported by 
rising volume. In Bitcoin’s current case, the appearance of this pattern again 
could mean that the recent retracement from $111,800 has run its course. With 
RSI now trending upward even as price presses slightly lower, Bitcoin may be 
witnessing another hidden accumulation phase before its next leg higher. 
Related Reading: Bitcoin Price Trend Above $100,000: The Good News And The Bad 
News If the pattern holds true to its previous performance in April, the 
leading cryptocurrency could be setting up for another push toward new all- 
time high levels. Bitcoin is currently not far off from a new all-time high, 
as it is only about 5.5% away from its price peak. Based on this, another 
strong breakout could easily aim beyond the previous $111,800 high. Although 
Bitcoin’s price is relatively stagnant for now, the presence of this bullish 
divergence is a reminder of how quickly things can change. The previous 
bullish divergence ended up with a 50% price surge. A similar performance from 
the current price level would translate to another target above $160,000. At 
the time of writing, Bitcoin is trading at $105,700, up by 1.4% in the past 24 
hours, already showing signs of the bullish divergence signal coming into 
action. Featured image from Getty Images, chart from Tradingview.com

Bitcoin Bullish Divergence That Appeared Before The May ATH Has Returned Again

South Korea’s financial regulator has submitted a roadmap outlining plans to 
approve spot crypto ETFs and a Korean won-based stablecoin market, signaling a 
major shift in the nation’s digital asset policies by late 2025. FSC Files 
Roadmap for Spot Crypto ETFs, Eyes Domestic Stablecoin Market South Korea’s 
Financial Services Commission (FSC) has taken a key […]

South Korea Moves Toward Spot Crypto ETF Approval in 2025

Many users said they would delete accounts or consider moving to another 
platform if Reddit were to adopt World’s verification system.

Reddit weighs World’s scanning orbs for user verification — Report

The consultation period comes as Thailand seeks to clarify regulations for the 
crypto industry.

Thai SEC opens consultation period for token issuance rules

The increased likelihood of crypto ETF approvals could significantly boost 
market legitimacy and attract institutional investment.
The post XRP joins Solana and Litecoin in top ETF approval tier appeared first 
on Crypto Briefing.