Bitcoin is trading in a high range as the end of the year approaches. One chart shows possible signs of a slowdown, while others suggest the trend remains in place.
Analysts and traders are watching as the debate grows around whether a move to $250,000 is still on the table.
Divergence on Weekly Chart Raises Doubts
Analyst Ali Martinez shared a weekly chart showing a bearish divergence. The price has made new highs, but the Relative Strength Index (RSI) has not followed. This pattern has appeared before major pullbacks in past cycles.
The chart illustrates Bitcoin fluctuating around the $112,900 mark following its latest $116,000 weekly peak. RSI, however, has made lower highs since 2021. The divergence between price and momentum raises concern that the current rally may be losing strength. A rounded top shape has also formed, which some view as a warning sign. Martinez questioned the chart, asking,
Be honest!
Does this setup look like $250,000 Bitcoin $BTC by December? pic.twitter.co
We współpracy z: https://cryptopotato.com/250k-bitcoin-by-year-end-heres-why-analysts-are-split/
