Analysts: Bitcoin may form a double top structure, the rising momentum is weakening.

ChainCatcher

2025-05-14 11:57:14

BTC-1,04%

ChainCatcher news, Coindesk analyst Oliver Knight stated that Bitcoin’s current trend is similar to that of 2021, which may form a “double top” structure. Key on-chain indicators include the weekly RSI (RSI is a technical indicator that measures overbought and oversold conditions, with bearish divergence indicated by a declining RSI while prices are rising). Three instances of bearish divergence, low trading volume during the breakout, and divergence between futures open interest and price. Knight pointed out that although prices are reaching new highs, the overall upward momentum has clearly weakened.

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Eno

· 2025-05-14 13:13

Quick, enter a position! 🚗

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