Bitcoin is currently hovering in a narrow price range after its repeated failure to surpass the $110,000 level earlier this month. The past few days have seen the leading cryptocurrency trading around the $105,000 level, with neither the bulls nor the bears gaining control. Despite the overall consolidation, a subtle yet significant signal has begun to emerge, especially on the four-hour chart, which could push Bitcoin to its all-time high soon.

Return of a Rare Divergence Pattern on Bitcoin's Four-Hour Chart

Cryptocurrency analyst Luka (@CrypticTrades_) posted a chart on the social media platform X that highlights an important technical development on Bitcoin's four-hour timeframe: the return of a bullish divergence. This signal, which previously appeared in early April, preceded the massive surge that propelled Bitcoin to its all-time high on May 22 at $111,800. The same divergence is forming again, and a Bitcoin price breakout may be very close.

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