Bitcoin remains above $94,000 despite bearish divergence signals on the 4-hour chart, as noted by analyst Ali Martinez. Technical indicators like the RSI suggest a potential short-term slowdown. However, on-chain data remains strong: Bitcoin reserves on exchanges hit a historic low of 2.5 million BTC, active addresses stay above 1 million, and net exchange flows are negative, indicating bullish sentiment. Bitcoin also reclaimed its 200-day moving average, historically a positive sign. While short-term corrections are possible, the medium-to-long-term outlook remains bullish according to analysts.
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