Bitcoin Momentum Under Scrutiny as Technical Signal Flashes Warning
A well-known market analyst who accurately predicted Bitcoin’s peak earlier this year is sounding the alarm once again—this time cautioning that the current BTC uptrend may be losing steam.
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.
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.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
