Bitcoin (BTC) price is trading near $68,500 after correcting roughly 40% from the mid-January high of $98,000, and the rebound since February’s $60,000 low is showing signs of exhaustion. The ascending channel that formed after the crash may look like a recovery. However, a hidden RSI divergence, declining hodler conviction, minimized short-term holder losses, and a hopeful liquidation map all point in the same direction. Hidden Divergence Flashes Inside an Ascending Channel Bitcoin price has been trading inside an ascending parallel channel on the daily chart since early February, a pattern that formed after the near 40% decline from $98,000 to the $60,000 level