BTC: Major RSI divergence - Next stop around $69K?

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BTC: Major RSI divergence - Next stop around $69K?Bitcoin / U.S. dollarBITSTAMP:BTCUSDcryptoTradingAnalyticsBitcoin is showing strong warning signals that the current bull run may be ending. On the weekly chart, we can clearly see a massive RSI bearish divergence, similar to what happened before previous cycle tops. Today’s BTC options expiry added extra pressure, and with no quick resolution in sight for the Ukraine war, alongside worsening global economic conditions (trade wars, inflation, tightening liquidity), the macro environment does not favor sustained risk-on sentiment. The chart highlights a likely correction path, with the next major support zone sitting around $64K–69K (previous resistance turned support). If this level breaks, further downside cannot be excluded. For now, caution is advised – this may mark the end of the bull run and the start of a new accumulation phase.