Bitcoin Faces Potential Bear Market Amid Bearish Divergence

According to Cointelegraph, Bitcoin (BTC) is at risk of entering a new bear market as several BTC price metrics indicate a "bearish divergence. " On March 27, discussions on social media highlighted concerning signals from the Bitcoin Macro Index, developed by Capriole Investments. This index, introduced in 2022 by Charles Edwards, utilizes machine learning to analyze a wide range of metrics, excluding price data and technical analysis, to assess Bitcoin's relative value across historical cycles. Since late 2023, the index has been showing lower highs while BTC/USD prices have been reaching higher highs, suggesting a potential long-term peak source: https://www.binance.com/en/square/post/22148628828553?utm_source=BinanceNewsRSS