BloFin Research|May 06, 2026 10:47
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💡 Is Bitcoin about to break higher, or repeat January’s rejection?
The current rally mirrors January, when BTC surged 22% to $98K, hit the 200D EMA, RSI entered overbought territory, and got rejected hard, dropping 38% to $60k.
🟠 BTC: Same resistance, different demand backdrop
Both rallies share the same structure:
an ascending channel, a test of the 200D EMA as resistance, and daily RSI nearing overbought territory.(BloFin Research)
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