Macro investor Jordi Visser has identified a promising technical signal in Bitcoin, pointing to the first bullish RSI divergence on the 4‑hour chart since late last year. Speaking on Anthony Pompliano’s YouTube channel, Visser noted that although BTC broke below the $60,000 level and made a new low, the relative strength index (RSI) held above its prior trough. In technical analysis, this divergence suggests that selling pressure is waning and buyers are beginning to step in, offering an attractive risk‑reward setup.
Visser recommends that a move back above $60,000 could serve as a buying opportunity, with stop‑losses placed below recent lows to limit downside. He adds that while Bitcoin appears near its bottom, a further drop to $50,000 or even $45,000 cannot be ruled out. Nevertheless, he remains firmly bullish, stating, “Do I think we’ll be above $100 in a year? Yes.”
Separately, the investor sees a 35%–40% chance that the Federal Reserve will raise rates at its July 29 meeting, but believes the central bank’s concerns about AI‑driven inflation may keep it on hold. A steady‑rate scenario, he argues, could propel Bitcoin back above the $70,000 mark.
As of Tuesday, Bitcoin was trading above $62,000, with market participants treading cautiously ahead of critical macro events, including the US CPI inflation report, Fed Chair Kevin Warsh’s two‑day Congressional testimony, and the start of the second‑quarter earnings season. A softer inflation print would bolster expectations of monetary easing later in the year, strengthening risk assets like cryptocurrencies.
On‑chain analytics firm Glassnode offered a more tempered view, reporting a 21.5% decline in spot trading volume and a negative spot cumulative volume delta, indicating that the recent recovery has lacked strong spot‑buying support. However, US spot Bitcoin ETFs recorded renewed weekly net inflows after a period of outflows, signaling improving institutional demand.
From a technical standpoint, the BTC/USD 4‑hour chart shows the RSI at 48, approaching neutral territory with fading selling momentum, while the MACD lines could soon cross into positive ground. Immediate resistance stands at $64,000; a daily close above this level would open the path toward the June high of $67,181. On the downside, failure to hold $62,000 could lead to a retest of the psychological $60,000 zone.
