Analysts and traders have identified a bearish divergence on the daily timeframe chart for Bitcoin, indicating a potential correction of 8 to 10%. While this may be a concern for investors, analysts believe it is a healthy reset that could lead to further increases in the cryptocurrency's value. A bearish divergence occurs when Bitcoin prices reach higher highs while momentum indicators show lower highs, suggesting the asset may be overbought and in need of a correction. Market analysts consider such pullbacks to be natural in well-functioning markets, providing an opportunity for new buyers to enter the market. This reset could help stabilize the price of Bitcoin and extend its upward trend in the long term. Traders and investors are advised to monitor support levels during this period and be cautious with leverage and high-risk strategies, as the cryptocurrency market remains unpredictable. Despite the potential correction, the overall trend for Bitcoin's price is still bullish.



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