MARKET UPDATE: $BTC
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Bitcoin is trading around $103,879, approaching a resistance level near $106,220.
RSI shows a Hidden Bearish Divergence, price is making a lower high on the RSI while price action makes a higher high. This can be a bearish signal, indicating potential weakness in the current uptrend.
Strong uptrend since mid-April 2025, but now nearing previous highs/resistance.
Caution is warranted at current levels due to the bearish divergence.
A pullback or consolidation could occur if resistance holds.
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