Bitcoin Bears Divergence Suggests Possible Correction Toward $92,000 Amid Key Support Tests

Key Points

1. Bitcoin is struggling to hold the $115,000 support level, risking a drop to $104,000.

2. Weekly RSI divergence indicates fading bullish momentum and potential deeper pullbacks.

3. Net Unrealized Profit/Loss (NUPL) suggests increased profit-taking, marking $123,000 as a probable local peak.

4. A full bearish divergence could see Bitcoin retrace to its 50-week EMA near $92,000.

5. The $115,000 level is critical for maintaining the bullish trend; failure to hold it may trigger further declines.