Bitcoin (BTC) Price Correction Looms: $66K or $62K Support?

A bearish divergence on Bitcoin's chart suggests a potential price correction to $66K or $62K.

Key Highlights:

- Bearish divergence appears on Bitcoin's chart
- Open Interest soars to $20B, 8% below ATH
- Supply held on exchanges drops to 5-year low
- Binary CDD indicates long-term holders' low movement
- aSORP suggests investors selling at profit

Market Analysis:

- Prevailing trend may change, prompting correction
- Support levels: $66K or $62K
- Bullish sentiment dominant, but correction likely

Outlook:

- Short-term price correction possible
- Long-term holders' low movement, investors selling at profit
- Market top potential, but overall bullish trend intact

Bitcoin's price correction may be temporary, with support levels at $66K or $62K. The overall bullish trend remains intact despite bearish divergence and selling at profit.