Analyst: Bitcoin daily chart shows bearish divergence, weakening hopes of reaching a historic high this week

BlockBeats news, on May 20th, according to Cointelegraph, cryptocurrency analyst Bluntz pointed out that there is a bearish divergence on Bitcoin's daily chart, which may weaken the hope of Bitcoin reaching a new historical high this week. A bearish divergence refers to a situation where prices continue to reach new highs, but the relative strength index (RSI) indicator shows a higher low point, indicating that as prices soar, buying pressure begins to weaken.