BlockBeats News, May 20th, according to Cointelegraph, cryptocurrency analyst Bluntz pointed out that a bearish divergence has appeared on the Bitcoin daily chart, which could weaken Bitcoin's hopes of setting a new all-time high this week.
A bearish divergence refers to the price continuously reaching new highs, but the Relative Strength Index (RSI) indicator shows higher lows, indicating that as the price surges, buying pressure begins to weaken.
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