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reasons why Bitcoin just dropped after failing to break $19.5K again

The Bitcoin price (BTC) surged above $19,500 briefly on Dec. 15, reaching as high as $19,570 on Binance. However, BTC then dropped to $19,050 within three hours, recording a sudden 2.5% pullback.technical indicators showed BTC was oversold after dropping below $17,600.

The four-hour candle chart saw a bullish divergence and a TD9 buy indicator, signaling that selling pressure was exhausted.

Bitcoin’s price quickly recovered above $18,000 and continued its run past $18,300. BTC then breaking the whale cluster key resistance level at $18,800 further boosted its momentum.

Buoyed by the relief rally, Bitcoin continued to soar, eventually surging to as high as $19,570 across major exchanges.