Bearish Divergence Grows: Bitcoin Price Tests $78K

Bitcoin's price has been testing the $78K mark as bearish divergence grows.

The asset fell below $79,000 on September 9 after weakening short-term momentum and liquidity clusters raised concerns of a sharper move.

A look at the 4-hour chart shows BTC trading below its Bollinger Band midpoint at $79,188, with price moving toward the bottom half of the range.

Concentrated areas of leveraged positions are visible near $80,000 above and $77,000-$78,000 below, leaving Bitcoin vulnerable to sudden volatility.