Bitcoin is one of the priorities of the new team.

Negative divergence appears on the weekly chart like 2021

In addition to political and economic factors, technical analysis indicates negative signs on the Bitcoin chart. The Relative Strength Index (RSI) shows a divergence or bearish divergence on the weekly chart similar to what happened at the 2021 peak, which may indicate a slowdown in bullish momentum.

Divergence in technical analysis is the divergence between price action and technical analysis indicators such as the Relative Strength Index (RSI) or the MACD. It indicates a mismatch in direction between the price and the indicator, which may be an early sign of a trend reversal.

Positive divergence: occurs when the price records lower lows while the indicator records higher lows, indicating a potential price increase.

Negative divergence: occurs when the price records higher highs while the indicator records lower highs, indicating a potential price decrease.

Despite Bitcoin recording higher price highs, the RSI is pointing to a lower high compared to the December peak, contradicting the continuation of the uptrend. If the indicator fails to break the downtrend line, the downward pressure on the price may increase. With these multiple factors, investors find themselves facing a complex scenario.On the one hand,