Bitcoin Divergence at 118: Normal Market Behavior or Warning Sign?

Usually, when there is a significant upward move in cryptocurrencies, it is common to see overbought conditions or divergence, which are normal phenomena. It is essential to understand that divergence does not necessarily indicate a decline. The recent divergence observed in Bitcoin has occurred at the 118 level, which suggests that while there may be some signs of overextension, it doesn't automatically mean a crash or correction is imminent.