Bitcoin: Negative Divergence Detected on Daily Chart
Bitcoin negative divergence on 1D chart at $77950.26 with bearish 4h EMA50 resistance at $78962.87 and MACD death cross.
SourceAnalysis
Bitcoin negative divergence on the daily timeframe has been flagged by the Opportunity channel, echoing patterns seen in BTC price prediction models over the past year.
Price action at $77950.26 sits in a bearish trend where the EMA50 at $78962.87 caps upside while the EMA200 at $73828.59 offers deeper support; the MACD death cross at -250.03 reinforces downside pressure even as RSI at 35.48 stays neutral and price probes the lower Bollinger band near $78182.52, suggesting exhaustion before any relief rally.
Mihir
@RhythmicAnalystCrypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.