The post Bitcoin Flashes Mixed Signals As Bearish Divergence Emerges appeared on BitcoinEthereumNews.com.

Bitcoin is trading above $94,000 and seems determined to defy bearish divergence and multiple sell signals. On-chain data looks strong, with active addresses increasing and exchange reserves decreasing. Technical support has been holding, and Bitcoin has re-anchored on the 200-day MA, opening up further upside in the crypto. Bitcoin maintains above $94,000 even with visible bearish signs. Ali Martinez flagged a bearish divergence on the 4-hour chart between Bitcoin’s price and the Relative Strength Index (RSI), warning that the TD Sequential indicator has flashed multiple sell signals. The divergence indicates that the upward price momentum is slowing down despite the bullish pattern that has recently arisen. Source:X Bitcoin’s trading volume rose to $38.49 billion, a 16.49% increase, reflecting higher buying and selling activity. In the last 24 hours, Bitcoin went up by 3% and is now trading at $94,800. However, the emerging divergence warns traders that there may be pullbacks or trend reversals soon. On-Chain Metrics Signal Underlying Strength On-chain data paints a much better picture. Data from CryptoQuant shows that the exchange reserve is decreasing and is currently at a level of 2.5 million BTC, which is the lowest level in years. Furthermore, consistent outflows to exchanges suggest that users prefer to transfer Bitcoin to their cold storage wallets, supporting long-term bullish sentiment. Source: CryptoQuant Furthermore, the number of active addresses in Bitcoin has remained high. The current figures are at 1.03 million active addresses, suggesting strong activity of the network. Historically, active address counts increasing or remaining stable correlate with rising or stable prices, including during periods of volatility. Source: CryptoQuant In line with this, according to Coinglass, the BTC spot outflow remains higher than the inflow, and recently, the net sessions reported negative figures. These outflows increase the confidence of investors as the coins are moved from…

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Filed under: News - @ April 27, 2025 2:05 am