Bitcoin’s Breakout: A Bull’s Dream or a Bear’s Picnic?
Bitcoin (BTC), currently lounging at $79,098 on the 8-hour chart (up a modest 0.54%), is nestled just below the upper lip of an ascending channel that’s been its home since late February. On the surface, it looks as bullish as a troll with a lottery win. But dig deeper, and you’ll find a momentum divergence, a dwindling US buying spree, and a short-squeeze fuel tank running on fumes-all pointing to a potential pratfall.
