#BTCPullbackto79000 Bitcoin Pullback to $79,000: Understanding the Market Move, Key Levels, Momentum, and What Traders Should Watch Next
A particularly interesting development would be a situation where Bitcoin makes a lower low while RSI forms a higher low.
This type of divergence can sometimes indicate that selling momentum is weakening.
However, divergence should always be confirmed through price action.
17. Liquidity and Market Positioning
Bitcoin is highly sensitive to liquidity.
When large concentrations of orders exist around specific levels, price can move rapidly through those zones.