Token : $BTC
Signal : SELL
Bitcoin has formed a clear regular bearish divergence on the weekly timeframe, which is a strong signal warning of potential downside ahead. This technical setup indicates that while price was making higher highs, the momentum was weakening, suggesting that buyers are losing strength. Given this bearish divergence, Bitcoin looks poised for a pullback in the short term, with a likely target near the $98,000 level. Traders should be cautious and watch for confirmation of this move, as the current setup strongly favors a correction before any further upside continuation.
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Bitcoin is showing signs of a potential short-term pullback, offering a rare opportunity to buy at a discounted price. With the broader trend still bullish over the long term, this correction could present an ideal entry point for those who missed the initial rally. As price retraces to key support levels—possibly around $98K or lower—smart money may begin accumulating again. For long-term investors, this dip isn't a sign of weakness, but rather a healthy reset in an ongoing bull cycle. Buying the fear now could pay off big when momentum returns.
