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Bitcoin is losing its bullish momentum: Is a drop to $115K next?
Bitcoin is showing signs of potential weakness, with three critical charts suggesting the possibility of new weekly lows in July. While the long-term trend remains intact, traders should brace for short-term volatility. Bitcoin currently exhibits a hidden bearish divergence between its price and the relative strength index (RSI), a momentum indicator that measures the strength of price movements. A hidden bearish divergence occurs when the price makes higher highs, but the RSI forms equal or lower highs. This divergence hints at weakening momentum behind the rally, often leading to downside corrections. charts This ... (full story)