Coindesk analyst Omkar Godbole said that the technical indicator 30-day rate of change (ROC), which measures the rise and fall of bitcoin's price over the past month, has shown a bearish divergence and momentum is weakening.
In addition, the MACD bar chart on the daily chart (a widely used indicator of trend strength and change) has turned negative, indicating a bearish turn in momentum. These signals suggest that Bitcoin may fall below the current ascending channel or step back on the key 100,000 dollar support level. Nonetheless, the overall trend remains positive, in line with the recent technical pattern of 50- and 200-day simple moving averages (SMA) forming a gold cross.
Analyst: Bitcoin may see a pullback, testing 100,000 dollar support
2025-05-27 05:19:55
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