We have a unique scenario here.
There is a bearish divergence as per technical analysis but fundamentals suggest otherwise.
As you can historically whats happening.
Price makes a Lower high but RSI shows a Higher high.
This is bearish divergence.
As soon as it hits the trendline, it pushes the price down.
But fundamentally situation is different now
as we have impending BTC ETF approval coming up
in next few weeks.
There is a bearish divergence as per technical analysis but fundamentals suggest otherwise.
As you can historically whats happening.
Price makes a Lower high but RSI shows a Higher high.
This is bearish divergence.
As soon as it hits the trendline, it pushes the price down.
But fundamentally situation is different now
as we have impending BTC ETF approval coming up
in next few weeks.