On strong momentum moves, the smallest pullback can 'reset' fairly quickly, so this is not a fear-mongering update at all, just an observation.
On the weekly, we've seen a gnarly looking bearish divergence for BTC.
After the recent run higher, it should not come as a surprise that some participants will be looking to take some profit off the table.
As always, that part is up for debate and depends on which side of the bias spectrum you look from. For the bulls, as a minimum, should spark some questions on whether more profit taking should be considered.
I'm not here to tell you which way it'll go, but I will leave you with a very important disclaimer below...
This article was written by Arno V Venter at investinglive.com.Hence then, the article about btc showing higher timeframe divergence was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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