Bitcoin Faces Bearish Divergence Amid Market Volatility

Recent market volatility has left Bitcoin grappling with bearish divergence signals. Traders are on alert as the cryptocurrency’s price struggles to reclaim $105,000 after an 11% gain in May. The upcoming weekly close holds significant importance for market participants and could be a turning point for Bitcoin’s direction. The price has faced persistent downward pressure this week, bringing it back down to critical support levels established during the bull run, specifically around $104,450 from December 2024.