Is higher high bullish or bearish?

In contrast, bearish divergence occurs when the price of a cryptocurrency reaches higher highs, but the indicator fails to confirm this strength by forming lower highs. This suggests that selling pressure may be increasing, and the price may soon reverse its upward trajectory.

BTCC, a leading cryptocurrency exchange, offers a range of services to traders and investors looking to capitalize on these and other market opportunities. These services include spot trading, where users can buy and sell cryptocurrencies at current market prices.

In addition to spot trading, BTCC also provides futures trading, which allows traders to speculate on the future price movements of cryptocurrencies. This can be a powerful tool for hedging against risk or for taking advantage of market volatility.

Technical analysis in the cryptocurrency market often reveals valuable insights into market trends and potential moves. One such indicator is divergence, which can be either bullish or bearish in nature.

Bullish divergence arises when the price of a cryptocurrency forms lower lows on its chart, while a corresponding indicator, such as the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD), forms higher lows. This pattern indicates that buying pressure may be building up, despite the price declines.