BTC at 72K — Breakout or Divergence Reset?Bitcoin / US DollarCOINBASE:BTCUSDinchartswetrustGood morning everyone! Let’s guess in one try — where is Bitcoin stuck? That’s right… 72,000 🤡 We’ve seen 11 attempts to break this level in the past 48 hours, all while a bearish divergence is building. 📈🧐 A bit of classic technical analysis Classic TA suggests that multiple tests of a level tend to weaken it. With each test, part of the sell-side liquidity gets absorbed. Over time, fewer orders remain, which increases the probability of a breakout. In our case, this is clearly reflected by the long wicks above 72,000 — the level is being actively “eaten”. 📉🥹 But there’s a catch — divergence ⚰️ Bearish divergence signals weakening momentum, and this is something that shouldn’t be ignored on higher timeframes. Price continues to make higher highs, while the oscillator does not — forming lower highs instead. This suggests that buyers are still pushing price higher, but with decreasing strength. Such conditions often lead to either a pullback or a false breakout. ⚖️🙃 Conclusion As mentioned in my previous posts: “If we fail to break 72,000, a pullback toward 68,700 is likely (EMA 100 & 200 zone marked on the chart)” — ❗️❗️❗️to work off the built-up divergence. “If we break and hold above 72,000, the next levels are: - 74,000 (upper channel boundary) - 76,000 (March 17 high)” Trade safe✌🏽