Beware: Hidden Bear Divergence Could Spell Trouble for Bitcoin

Bitcoin’s buyers have been ardently defending the cryptocurrency’s newfound position within the $7,000 region, as it appears that selling pressure has been ramping up in the time following BTC’s surge from lows of $6,400.
Although the bounce at this level was certainly a bullish sign, it is important to note that the momentum that resulted from this rally has faltered, which is leading some analysts to question the long-term significance of this movement.
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