Analyst: The Bitcoin daily chart shows a bearish divergence, weakening hopes of reaching a new all-time high this week.

BTC0.14%
BlockBeats news, on May 20, according to Cointelegraph, crypto assets analyst Bluntz pointed out that a bearish divergence has appeared on the Bitcoin daily chart, which may weaken the hope for Bitcoin to reach a new all-time high this week. A bearish divergence refers to the price continuously reaching new highs, but the relative strength index (RSI) shows higher lows, which means that as the price soars, buying pressure begins to weaken.
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