Bitcoin Tests $78K as Bearish Divergence Grows, Liquidity Clusters Raise Risk
Bitcoin's price has been testing $78K as bearish divergence grows, according to data from crypto.news.
The asset briefly fell to $78,455 during the latest daily session before buyers pushed it back toward $79,000.
A six-day pullback followed Bitcoin’s failed attempt to extend its rally above $81,000. Price reached a local high above $82,000 earlier in the period but could not hold those gains as macro concerns and leveraged liquidations weighed on demand.
Bitcoin’s position above its 10-day simple moving average at $78,732 shows that the larger recovery has not broken down, even as short-term momentum cools. However, daily relative strength has weakened, with an RSI reading of 61.29, below its signal average of 68.10.
A bearish divergence forms when price reaches higher highs while a momentum indicator moves lower. Traders often view the pattern as a warning that an advance is losing strength, though it does not confirm a reversal by itself.