Bearish Divergence Flashes Warning for Bitcoin as Price Nears $60,000

Bitcoin’s three-year advance may be rolling over, according to Chartered Market Technician Tony Severino, who argues that BTC has now completed a “triple bearish divergence” on higher timeframes – a structure he characterises as the trend “dying under the hood” even as price printed fresh highs. Bitcoin Has Hit A Triple Bearish Divergence In a video published on November 24 and shared on X, Severino says he had to go beyond standard references to formalise the pattern. “I really never heard that statement before,” he admits of the term triple negative divergence. “There wasn’t a lot of....

In a shocking turnaround, Solana, which recently achieved a new all-time high nearly 3 months ago, has experienced a significant shakedown after making history. With SOL’s price facing significant volatility, concerns about an extended decline continue as the altcoin navigates a massive bearish divergence. Massive Bearish Divergence Threatens Solana’s Price  A worrying trend has been […]

Key Highlights. Dash price continued to find support around 0.0116BTC where sellers struggled time and again. There is an RSI divergence formed on the hourly chart, which is signaling more gains in the near term. A break above 100 MA may push the price higher moving ahead. Dash price nonstop consolidation might be setting up for a nasty move having the potential to test 0.0124BTC. Break Possible? We have been following a bearish trend line on the hourly chart, which continues to stall gains and pushed the price back lower. There is a monster support building around 0.0116BTC that can be....

Bitcoin has continued its decline since starting the week with a bearish breakout from the weekend consolidation range seen in the 1H chart. During the April 14th session, price fell to about 216 before the global April 15th session began. As we can see in the 1H chart, there is a bullish divergence between price and the RSI (A bullish divergence occurs when price makes lower lows but the RSI makes higher lows). This suggests a shift in momentum, or at least a deceleration, which can be a sign of upcoming consolidation or bullish correction. Bitcoin (BTCUSD) 1H Chart April 15. The 1H chart....

The relative strength index is making lower highs while correcting from its overbought area. The run-up in the Bitcoin (BTC) price toward $50,000 last week risks exhaustion due to a mismatch between the cryptocurrency's price and momentum trends.So it appears the Bitcoin's price and relative strength index (RSI) have been moving in the opposite direction since late July. In doing so, even a strong push higher in the BTC/USD bids has coincided with lower peaks in momentum, suggesting that the pair's upside momentum is weakening out.Bearish divergenceA normal RSI momentum tends to tail the....