The post Urgent Warning Signs Flash After New All-Time High appeared on BitcoinEthereumNews.com.

The cryptocurrency world is buzzing! Bitcoin (BTC) recently hit a significant milestone, surging to a new all-time high against the U.S. dollar. This impressive rally has captured global attention, fueling optimism among many investors. However, amidst the excitement surrounding the record-breaking Bitcoin price, a note of caution is emerging from experienced traders. Despite the euphoric climb, some market participants are issuing warnings about the potential for a significant Bitcoin correction in the near future. This divergence in sentiment highlights the complex and often unpredictable nature of the crypto market. Why Are Traders Warning of a Potential Bitcoin Correction? The concerns about a looming Bitcoin correction aren’t just random speculation. They are based on observations of historical market cycles and technical indicators that have previously signaled potential pullbacks. Several prominent traders have voiced their apprehension, pointing to specific factors: Historical Patterns: Trader Stockmoney Lizards referenced a bull market roadmap from late 2023. This roadmap suggests that if historical price cycles repeat, the current rally might be reaching a phase where momentum typically slows down or reverses. Following this historical projection, they anticipate that BTC could retrace its steps significantly after peaking. Technical Indicator Signals: Trader Crypto Chase highlighted that the current Bitcoin price is trading considerably above key exponential moving averages (EMAs). This technical setup, where price extends far from its moving averages, has historically preceded price pullbacks as the market tends to revert towards its mean. Trader Roman described BTC as looking ‘exhausted.’ This assessment is supported by observations of bearish divergences in the relative strength index (RSI). A bearish divergence occurs when the price makes a higher high, but the RSI makes a lower high, suggesting that the upward momentum is weakening despite the price increase. Similar RSI divergences were noted before price corrections in 2021. These technical signals,…

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Filed under: News - @ May 23, 2025 6:20 am