Bitcoin may be about to see a significant rally...

Everyone is bearish, stocks are getting crushed, interest rates are flying, inflation is sticky, and the dollar is soaring!

Bitcoin can't possibly go up in that back drop right?!

Maybe, maybe not...

Price is truth.

Bitcoin has shown a lot of relative strength in the midst of all that holding up around the $19k level.

It is possibly creating a similar pattern to back in 2019.

Check it out:

(Source: https://twitter.com/StockmoneyL/status/1582043977377009664/photo/1)

We have a strong downtrend which keeps smacking the price lower, but we have an RSI that is showing bullish divergence by trending up.

That is the same setup we saw in 2019 right before we had that early summer rally that caught many bears by surprise.

Can we see something like that repeat again here?

We are about to find out...

Seasonality is on our side as bitcoin does pretty well in the next couple months historically.