This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

A key technical indicator is warning of an early end to the bitcoin (BTC) bull market, even as traders continue to position for a continued rally into the year-end.

The indicator under consideration is the Relative Strength Index (RSI), a momentum oscillator that ranges from 0 to 100. It helps traders gauge the speed and magnitude of recent price movements, typically calculated over a 14-day, 14-week, or 14-month period.

BTC’s 14-month RSI is now flashing a bearish divergence, a pattern that occurs when the indicator begins to decline while prices continue to rise. The occurrence of this divergence on the monthly chart indicates that BTC's bull market may be weakening and could potentially transi

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