Bitcoin Price Faces Bearish Divergence Amid Mixed Forecasts
- Crypto analyst Kevin Capital warns of a bearish divergence pattern for Bitcoin, similar to one that led to a previous market crash.
- Despite the bearish outlook, analysts Titan of Crypto and CobraVanguard predict potential rallies to $117,000 and $123,000 respectively.
- Mikybull Crypto notes a bullish January monthly close for Bitcoin, invalidating a previous bearish indicator.
- Bitcoin is currently trading at approximately $102,400, down over 2% in the last 24 hours.
Analysts present mixed forecasts for Bitcoin as it faces a bearish divergence pattern while also showing signs of potential price rallies. Currently trading at around $102,400, Bitcoin’s future remains uncertain amid these contrasting predictions.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-price-in-trouble-bearish-divergence-that-led-to-market-crash-last-cycle-returns/?rand=52377
