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

ChainCatcher

2025-05-14 11:53:03

BTC4,25%

ChainCatcher news, Coindesk analyst Oliver Knight stated that the current trend of Bitcoin is similar to that of 2021, potentially forming a “double top” structure. Key on-chain indicators include three bearish divergences in the weekly RSI (RSI is a technical indicator that measures overbought and oversold conditions, where a bearish divergence indicates a decline in RSI while the price rises), low trading volume during breakouts, and divergence between futures open interest and price. Knight pointed out that despite the price reaching new highs, the overall upward momentum has significantly weakened.

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