Bitcoin negative divergence on 1D chart at $77950.26 with bearish 4h EMA50 resistance at $78962.87 and MACD death cross.

According to [twitter name], in 2012, gold experienced a significant price decline of over 40%, where traditional RSI oscillators did not show a negative divergence, but an alternative oscillator did. This divergence, characterized by price making higher highs while the RSI forms lower highs, is crucial for traders to identify potential reversals.

According to Mihir (@RhythmicAnalyst), the Bitcoin 1-week (1W) timeframe is exhibiting a negative divergence, which suggests a bearish setup. This pattern may be invalidated if Bitcoin's price achieves a new high. The $90k (+/- 1k) range is identified as critical for this analysis.