BitcoinWarrior

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Bitcoin’s Bullish Momentum Faces Threat Of Bearish Divergence

The price of Bitcoin (CRYPTO: BTC) could potentially drop to $30,000 due to a looming bearish divergence, even as bulls are steaming ahead to the $40,000 mark. What Happened: Despite the excitement surrounding the potential approval of spot Bitcoin ETFs causing a Bitcoin price surge, the recent delay by the Securities and Exchange Commission (SEC) has dampened the bullish momentum, reported FXStreet. Even though “whale” investors have provided some support, indications of a significant Bitcoin rally reversal are emerging. Bitcoin’s price is currently creating higher highs, while the Relative S…