Key market divergences may be shaping the current cycle, something traders shouldn’t overlook.

From a technical angle, Bitcoin [BTC] is showing a clear timeframe divergence. On the daily chart, BTC still looks capped below $80k, suggesting short-term consolidation.

However, zooming out to the weekly timeframe, BTC has printed four consecutive green candles, each closing higher than the previous one.

Put simply, the higher-timeframe structure remains bullish despite short-term hesitation. However, a more important divergence may be forming beneath the surface as Bitcoin reclaims a historically significant level.

As the chart above shows, Bitcoin has once again entered the production cost range. 

For…