Bitcoin price aims for new highs but ‘divergences’ set $110K as resistance
Bitcoin charts show bearish divergences across multiple timeframes, a hint that price rallies above $110,000 could be a trap.
Key takeaways:
Bitcoin shows bearish divergences on multiple time frames, signaling weak bullish momentum and a potential pullback.
Some traders anticipate a rally above $112,000, but increasing sell pressure and liquidity sweeps suggest the breakouts are traps.