According to BlockBeats, on May 20, analyst Bluntz pointed out that a bearish divergence has appeared on the Bitcoin daily chart. This may undermine hopes for Bitcoin to reach a historical high this week. Bearish divergence refers to a situation where prices reach new highs while the RSI indicator shows higher lows, indicating reduced buying pressure.
Analyst Warns of Bearish Divergence on Bitcoin Daily Chart
--・
AI Summary
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
1,04,932.38
+1.88%
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
@Binance_News