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

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On May 20, according to Cointelegraph, crypto analyst Bluntz noted that a bearish divergence appeared on Bitcoin's daily chart, which could weaken the hope of Bitcoin creating a new all-time high this week.

Bearish divergence refers to the situation where prices continue to reach new highs, but the Relative Strength Index (RSI) shows higher lows, indicating that buying pressure begins to weaken as prices surge.

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