Bitcoin price aims for new highs but ‘divergences’ set $110K as resistance

Bitcoin charts show bearish divergences across multiple timeframes, a hint that price rallies above $110,000 could be a trap.

Key takeaways:

Bitcoin shows bearish divergences on multiple time frames, signaling weak bullish momentum and a potential pullback.

Some traders anticipate a rally above $112,000, but increasing sell pressure and liquidity sweeps suggest the breakouts are traps.

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