Recent technical analysis indicates that Bitcoin may be on the verge of a significant downturn, as bearish divergences are emerging in key indicators. According to the experts cited in the publication, the situation is becoming critical, raising concerns about the sustainability of its recent price rallies.
Current Momentum and Price Movements
Analysts have noted that the current momentum does not align with the upward price movements, suggesting a potential exhaustion phase for Bitcoin.
Potential for Deeper Correction
If this trend continues and momentum fails to confirm the recent gains, the cryptocurrency could be poised for a deeper correction.
Investor Advisory
Investors are advised to monitor these indicators closely as a shift in market sentiment could lead to increased volatility in the coming days.
