Bitcoin Momentum Under Scrutiny as Technical Signal Flashes Warning

The analyst, known by the pseudonym “Bluntz,” noted on social media that Bitcoin’s daily chart is flashing a bearish divergence. This technical pattern typically signals that buying pressure is fading, even if prices continue to climb or move sideways—a potential precursor to a short-term reversal.

there’s a daily $btc bear div brewing here if it closes red by tomorrow.

its unfortunate that its appeared before fresh ath’s but its the first one since last year.

be careful with longs imo pic.twitter.com/ZYw49WAbDK

— Bluntz (@Bluntz_Capital) May 19, 2025

According to the post, if Bitcoin closes the day in the red, the divergence would be confirmed.

That would mark the first such signal in months, just as investors were eyeing a possible breakout to new all-time highs. Bluntz warned traders to tread carefully with long positions in the near term.

READ MORE:

SEC Postpones Decision on XRP and Dogecoin ETFs

Meanwhile, the analyst remains optimistic about gold. Based on Elliott Wave principles, which Bluntz frequently uses, gold appears to have completed an ABC correction—a technical structure often followed by a renewed rally.

The updated projection points toward a potential surge in gold prices to around $3,600, suggesting that the metal may be gearing up for a record-breaking move of its own.

The post Bitcoin Momentum Under Scrutiny as Technical Signal Flashes Warning appeared first on Coindoo.