Bitcoin Faces Crucial 63-Hour Deadline: Will it Rally or Fall?

On-chain analyst Willy Woo has warned that the next two days and sixteen hours are critical for Bitcoin’s short-term price performance, with a failure to rally potentially triggering a bearish divergence on the weekly chart. His tweet reads: ‘Dear Mr. Bitcoin, you have 2 days 16 hours to rally or you’re gonna print a bearish divergence on weekly charts and then we will be bored for weeks and weeks.’ Woo emphasizes this is crucial as a bearish divergence could lead to weeks of sideways price action and reduced trading volume.