Bitcoin at a Crossroads : Hidden Bearish Divergence Signals Possible Downturn
#Bitcoin❗ #btcusdt #BTCUSD #Binance #BinanceSquareFamily
The **BTCUSD** daily chart shows a **hidden bearish divergence** along with two trade patterns that could lead to a move lower. The price may touch the **lower bound of a megaphone pattern** before any upward trend resumes. However, if Bitcoin breaks out above **$65,200** with strong volume, this bearish scenario would be invalidated.
Key Insights :
- Hidden Bearish Divergence : Potential downward pressure on the daily chart.
- Megaphone Pattern : Price may test the lower bound before any upward movement.
- Breakout Threshold : A breakout above **$65,200** would cancel the bearish outlook.
Advice :
Traders should closely watch for a move toward the **lower megaphone boundary** while keeping an eye on the **$65,200** level. Entering long positions should be done cautiously unless there's a clear breakout with volume confirmation.
Conclusion :
Bitcoin is at a critical juncture, with a hidden bearish divergence signalling potential downside. If the price fails to break **$65,200**, a dip toward the megaphone's lower bound is likely before a rebound occurs.