Bitcoin price faces 'bearish divergence' amid $22K correction target
Bitcoin may have blasted through the $30,000 mark, but some market participants are warning of a critical lack of strength. Bitcoin (BTC) held $30,000 as support before the April 11 Wall Street open as fresh doubts emerged over the strength of the rally. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price finally tackles $30,000 resistance cloud Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit ten-month highs of $30,438 on Bitstamp. Almost one month in the making, the final surge to $30,000 delighted many traders who considered the move to be a matter of time. #Bitcoin / $BTC What I'm watching now pic.twitter.com/8bBheMvqT7 — K A L E O (@CryptoKaleo) April 11, 2023 Having uploaded a roadmap showing BTC/USD continuing to gain, Crypto Kaleo argued that Bitcoin was still the best investment allocation for capital, rather than cash or altcoins, at current prices. “Bitcoin is breaking out, of course all of the USD charts are going ...