BTCUSD Daily — Bullish Setup BuildingBitcoin / U.S. dollarBITSTAMP:BTCUSDAdni85Price: ~$65,430 | RSI(14): 57.22 The BTCUSD daily chart is showing early signs of a bullish reversal after the multi-month downtrend that ran from the January 2026 highs near $98K. Signal 1 — Bullish divergence (the strongest tell). At the June 2026 lows, price printed a lower low while RSI printed a higher low (highlighted by the red trendlines on both panels). This classic bullish divergence at the bottom of an extended move is the clearest indication that selling momentum is exhausting and a trend shift is underway. Signal 2 — Momentum turning up. RSI has climbed off its oversold base back to 57, sitting comfortably in neutral-to-bullish territory. The slow, steady grind higher — rather than a sharp spike — is characteristic of a sustainable trend rather than a dead-cat bounce. Signal 3 — Alligator alignment. Price has closed above the Alligator lines (the red/green/blue smoothed averages), which are beginning to fan out and turn upward. When the Alligator "wakes up" and lines separate in bullish order, it confirms trend rather than chop. The one con — the 200 SMA overhead. Price remains below the 200 SMA (yellow line, ~$73K), which acted as clear resistance when it was tested and rejected in May 2026. This is the key line in the sand. A decisive daily close above the 200 SMA would flip the last major bearish barrier and strongly confirm the move to a broader bullish trend. Bottom line: The structure (divergence + rising momentum + Alligator reclaim) favors the bulls near-term. The 200 SMA is the confirmation trigger, until price clears it, treat this as a promising setup rather than a confirmed trend reversal.