#bearish divergence

The post Bitcoin (BTC) Enters a Critical Zone: Will Buyers Fuel a Breakout or Surrender $60K? appeared on BitcoinEthereumNews.com. Bitcoin price is holding near $61K. The downtrend is taking over the macro trend. Bitcoin is holding onto its bullish divergence despite a recent minor market correction, signalling that the broader upward trend is likely to continue. While there is a simultaneous potential for a bearish divergence to emerge, which forms part of a market reversal, the existing bullish structure remains valid and active. Currently, the largest asset is trading within the $61,930 range, following a minor 1.24% loss in value. Despite this slight dip, the immediate market impact is a state of cautious consolidation rather than panic selling. Notably, the key line in the sand for buyers is $61,000.  As long as Bitcoin maintains its footing above this critical baseline, the upward momentum remains intact, keeping the doors wide open for the market to test higher price targets. Al

Bitcoin is holding onto its bullish divergence despite a recent minor market correction, signalling that the broader upward trend is likely to continue. While there is a simultaneous potential for a bearish divergence to emerge, which forms part of a market reversal, the existing bullish structure remains valid and active.