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Bitcoin Flashes Caution As RSI Repeats Post-Halving Behavior – Here’s Why

  • Bitcoin is showing warning signs with a bearish RSI divergence pattern, similar to the post-halving behavior seen in 2020, indicating a potential correction or consolidation.
  • TrendPro highlighted that historical patterns suggest such setups could lead to a healthy correction or sideways movement before a significant upward trend.
  • Analysis of liquidation heatmap data from Coinglass revealed clusters of short liquidations around $110,000-$120,000 and significant long liquidations at $94,000-$96,000, highlighting potential price movement zones.
  • TrendPro suggested that Bitcoin is at a crossroads, with scenarios of a potential shakeout phase or breakout, emphasizing key breakout levels and support zones for monitoring market movements.

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