Bearish Divergence That Caused Previous Market Crash Returns for Bitcoin

Crypto analyst Kevin Capital has indicated potential bearish trends for Bitcoin, citing a recurring bearish divergence pattern that previously led to market crashes.

Key Points on Bitcoin Price Trends

The bearish divergence pattern has re-emerged on the weekly chart for Bitcoin.
This pattern coincided with previous cycles that resulted in significant price drops.
Despite this, Kevin suggests possible recovery similar to past performance after such patterns.

In contrast, other analysts express bullish perspectives:

Titan of Crypto predicts a BTC mark-up phase, potentially reaching $117,000.
CobraVanguard forecasts an ascent to $123,000 following a cup-and-handle formation.
Mikybull Crypto highlights a strong monthly close, suggesting a rally towards $144,129.

Currently, Bitcoin is priced at approximately $102,400, reflecting a drop of over 2% in the last 24 hours.