Coindesk analyst: BTC's callback on the hourly chart ends and will return to the recent highs

According to Coindesk analysts, on the hourly chart, the RSI (Relative Strength Index) broke the downtrend line, causing the bearish divergence earlier this week to fail, indicating that the BTC's callback has ended and prices may return to high. With the halving of awards due in May 2020 and the increase in institutional participation, prices may rise further in the second half of this year. A break below the May 30 high of $9,097 would invalidate the bullish outlook for the daily chart.