Bitcoin Flashes A Triple Bearish Divergence: CMT Sounds The Alarm

Bitcoin’s three-year advance may be rolling over, according to Chartered Market Technician Tony Severino, who argues that BTC has now completed a “triple bearish divergence” on higher timeframes – a structure he characterises as the trend “dying under the hood” even as price printed fresh highs. Bitcoin Has Hit A Triple Bearish Divergence In a video published on November 24 and shared on X, Severino says he had to go beyond standard references to formalise the pattern. “I really never heard that statement before,” he admits of the term triple negative divergence. “There wasn’t a lot of information on Google […] I turned to AI, turned to ChatGPT.” His working definition: “three successive higher highs on price and three successive lower highs on the technical indicator.” Related Reading: Bitcoin Local Bottom To Fall Between These Two Levels – Analyst A standard bearish divergence occurs when price makes a higher high while an oscillator such as RSI, MACD or Stochastic posts a lowe