Bitcoin faces renewed bearish pressures amid divergences and USD turmoil
Bitcoin printed a triple-bottom TBT Bearish Divergence mid-week, echoing bearish patterns from 2022, with RSI bouncing off long-term support yet registering a lower low. Although a short-term bounce has lifted price off the lows, RSI is poised to form a lower high, increasing the likelihood of a drop below the daily TBO Cloud and deeper losses before month-end.
The first significant support sits at $73,309 as part of Bitcoin’s stair-step structure. A breach of this level would likely trigger a steeper pullback and reinforce bearish momentum into subsequent support zones…
Full commentary at Kitco:
kitco.com/opinion/2026-05-01…
Bitcoin faces renewed bearish pressures amid divergences and USD turmoil Bitcoin printed a triple-bottom TBT Bearish Divergence mid-week, echoing bearish patterns from 2022, with RSI bouncing off long-term support yet registering a lower low. Although a short-term bounce has lifted price off the lows, RSI is poised to form a lower high, increasing the likelihood of a drop below the daily TBO Cloud and deeper losses before month-end. The first significant support sits at $73,309 as part of Bitcoin’s stair-step structure. A breach of this level would likely trigger a steeper pullback and reinforce bearish momentum into subsequent support zones… Full commentary at Kitco: https://www.kitco.com/opinion/2026-05-01/bitcoin-faces-renewed-bearish-pressures-amid-divergences-and-usd-turmoil
