Analysts: A bearish divergence on Bitcoin's daily chart undermines hopes of hitting a record high this week

Crypto 7x24

2025-05-20 10:20:52

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Online reports, according to Cointelegraph, cryptocurrency analyst Bluntz pointed out that there has been a bearish divergence on the Bitcoin daily chart, which may weaken Bitcoin's hopes of hitting a new all-time high this week. A bearish divergence is when prices continue to hit new highs, but the Relative Strength Index (RSI) indicator reaches a higher low, which means that as prices soar, buying pressure begins to weaken.

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