A bearish divergence has emerged on Bitcoin's chart, raising concerns that the price could decline to $66K. This technical indicator often signals a potential reversal in trend, and Bitcoin's recent market activity suggests a correction may be imminent. Traders and investors are closely watching these signals to predict possible market movements.
The appearance of such divergences generally indicates weakening momentum and could lead to a pullback. Bitcoin's recent price trajectory shows that despite its rally, a decrease could occur, aligning with past patterns seen in the cryptocurrency market. Analysts and experts are carefully analyzing these patterns to gauge future movements.
