🚨 Bearish signals for BTC 🚨
Bitcoin continues to struggle with upward momentum, flashing warning signs for traders:
1️⃣ Lower Highs Pattern
The daily chart shows a consistent series of lower highs, indicating weakening buyer demand and a prevailing bearish sentiment. Bulls seem unable to reclaim key resistance levels, signaling potential further downside.
2️⃣ Bearish Divergence
The RSI (Relative Strength Index) shows bearish divergence, where price action fails to match momentum. While Bitcoin prices attempt minor recoveries, RSI trends lower—this often precedes a significant drop in price.
3️⃣ Volume Decline
Trading volumes have been tapering off, a classic precursor to breakdowns in uncertain markets. Without strong buying pressure, BTC risks slipping below critical support