BTCUSD - Momentum Divergence, possible retracement?
2024-10-29

BTC bulls are wanting to chase new highs reflected by a parabolic price increase.
Whether momentum can keep up with price is to be seen.
Institutional money will need to enter new long positions instead of taking profits for the increase to be sustainable.
BTC has had a strong tendency to retrace and retest previous support before and after breaking previous significant highs. 