$BTC

Bitcoin

On the weekly timeframe, a clear bearish divergence is forming on the relative strength index. This development typically leads to a halt in the upward momentum and the beginning of a corrective movement.

The nearest correction target is the range of 92-94 thousand, where a buying zone was previously observed.

Let me remind you that in November 2022, the market recorded a local bottom at 16 thousand, providing an excellent entry point for long-term investment. Given the current conditions, it makes sense to consider potential short positions as the price approaches strong resistance areas and may begin to retest key levels below.