Key Insights:
- Bitcoin continues clearing nearby liquidity zones while traders monitor higher price targets closely.
- Monthly heatmaps still show large liquidity clusters positioned between $50,000 and $60,000.
- Weekly RSI bullish divergence appears as the token records lower lows and higher momentum.
- Traders await the FOMC decision while tracking liquidity movements and technical market signals.
Bitcoin traders are closely watching liquidity levels and technical signals as the market approaches the upcoming FOMC meeting. Recent market data shows the asst continuing to move higher while clearing nearby liquidity zones.
At the same time, a weekly bullish divergence has appeared on the Relative RSI, drawing attention from analysts monitoring long-term price momentum. Market participants remain focused on whether Bitcoin will continue its upward move or return to test larger liquidity areas at lower price levels.
Bitcoin Continues to Target Liquidity Above Current Price
Crypto analyst Martini Guy noted that many traders are focused on liquidity below Bitcoin’s current price. He noted that liquidity above the market remains an important area to watch. According to his analysis, monthly heatmaps continue to show a large liquidity cluster between $50,000 and $60,000.
Even so, shorter-term heatmaps present a different picture. Weekly, 48-hour, and 24-hour data suggest Bitcoin is still moving through liquidity positioned above current levels. The recent market structure as a series of upward steps. In this pattern, Bitcoin clears liquidity, builds market participation, and then moves toward the next price level.
That Martini Guy also pointed to a potential rising wedge formation on the chart. Rising wedges are often watched by traders because they can appear before trend reversals. He stated that Bitcoin may continue moving higher in the near term.
“The shorter-term liquidity above price still looks attractive,” he said. He added that the larger question is how much liquidity will be taken above current levels before traders begin targeting the larger liquidity pool below the market.
Weekly Bullish Divergence Adds to Market Focus
Moreover, Crypto Rover reported that Bitcoin has confirmed a weekly bullish divergence on the RSI indicator. The signal appeared as Bitcoin formed lower price lows while the RSI created higher lows. This type of divergence is often monitored because it can suggest weakening selling momentum. Traders use the RSI to measure the speed and strength of price movements.
Crypto Rover noted that a similar signal appeared near the end of a previous bear market cycle. Following that event, Bitcoin recorded a strong recovery over the following months. He also cautioned that the current signal does not guarantee that the market has already reached its final low. According to his comments, another divergence could still form if prices move lower.
“It doesn’t mean the exact low is in,” he said. The analyst described the signal as one of the first major signs that market momentum may be changing after several months of weakness. As traders await the FOMC meeting, liquidity levels and technical indicators remain key areas of focus across the Bitcoin market.
