๐ Bitcoin is sending mixed signals. Even after a strong May, traders now see signs that the price could drop.
๐ Quick Facts
โ Bitcoin rose 11% in May
๐จ But now showing bearish divergence
๐ Traders watching if price holds $105,000
โ ๏ธ Two danger zones: $97,000 and $90,000
๐ Weekly close is very important
๐ง What Is Bearish Divergence?
Bearish divergence happens when:
Price goes up, but
RSI (Relative Strength Index) goes down
๐ This means the momentum is getting weaker โ even if the price looks strong.
๐ It could be a sign that the price may fall soon.
๐ฏ What Traders Are Saying
๐ฃ๏ธ Matthew Hyland:
Says the weekly close is critical
Warns of bearish divergence on the weekly RSI
๐ฃ๏ธ Titan of Crypto:
Sees gaps in price levels, called Fair Value Gaps (FVGs)
Says price could fall to $97,000 or even $90,000
๐ฃ๏ธ CrypNuevo:
Still bullish overall
Thinks $100,000 is a key level where price may bounce
Believes $84,000 is strong long-term support
๐ Key Price Levels to Watch
๐ง Final Thought
Even though Bitcoin had a good May, it now faces warning signs.
Traders are watching to see if the weekly close stays strong or drops further.
๐ If youโre trading or investing, remember:
Markets are risky. Always do your own research.
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