TLDR:
- Bitcoin’s weekly chart displays bullish divergence with price making higher lows while RSI trends lower toward 40s region.
- Public companies now collectively hold over 923,000 BTC valued at approximately $86 billion in accelerating trend.
- Technical pattern suggests stealth accumulation phase with momentum resetting rather than collapsing on weekly timeframe.
- Institutional buying pressure combined with structural support creates supply-demand imbalance favoring upside continuation.
Bitcoin’s weekly chart is displaying a notable bullish divergence pattern that technical analysts view as significant for the asset’s near-term trajectory.
Meanwhile, public companies continue to expand their Bitcoin holdings, surpassing 923,000 BTC valued at approximately $86 billion.
The convergence of technical strength and institutional accumulation suggests market dynamics are shifting toward sustained upward momentum.
Technical Pattern Emerges on Weekly Timeframe
Price action on Bitcoin’s weekly chart continues to establish higher lows while maintaining respect for its rising trendline.
This behavior demonstrates that buyers are defending the market at progressively elevated levels. The structural support remains intact despite recent price corrections, indicating that selling pressure has been limited to temporary pullbacks rather than trend reversals.
The Relative Strength Index presents a contrasting picture, printing lower lows as it drifts toward the low-40s region.
According to technical analyst Bitcoinsensus, this divergence between price and momentum carries substantial weight given the higher timeframe involved.
The RSI appears to be resetting rather than collapsing, which historically has preceded powerful continuation moves during Bitcoin bull cycles.
This setup reflects what market observers characterize as stealth accumulation, where volatility contracts and momentum indicators soften while price refuses to break structural support.
The divergence forming on the weekly timeframe suggests potential for a multi-month expansion rather than short-term price movement. As long as Bitcoin maintains its pattern of higher lows, the technical structure favors trend continuation.
Corporate Bitcoin Holdings Accelerate Toward $86 Billion
Public companies now collectively hold over 923,000 Bitcoin worth approximately $86 billion, representing a rapid acceleration in corporate adoption.
CryptosRus highlighted this growing trend, noting that the number of institutions allocating to digital assets continues to increase.
The pace of accumulation reflects growing comfort among corporate treasuries with Bitcoin as a reserve asset.
Regulatory clarity and upcoming market structure legislation are expected to further accelerate this institutional trend.
Large corporations and exchange-traded funds continue to add Bitcoin positions, creating sustained demand pressure. This institutional buying activity occurs alongside the technical patterns forming on higher timeframes.
The combination of corporate accumulation and technical strength creates a supply-demand dynamic that market participants view as constructive.
As institutional holdings grow, available supply for retail purchases diminishes. This structural shift represents a fundamental change in Bitcoin’s ownership distribution, with corporate entities now controlling nearly $86 billion worth of the asset.
The trend toward institutional ownership appears to be entering a new phase of adoption.
The post Bitcoin Weekly Chart Shows Bullish Divergence as Public Companies Surpass 923,000 BTC Holdings appeared first on Blockonomi.
Source: https://blockonomi.com/bitcoin-weekly-chart-shows-bullish-divergence-as-public-companies-surpass-923000-btc-holdings/
