Bitcoin’s recent climb to $105,000 has done little to shake off the worries piling up around its momentum. The world’s biggest cryptocurrency eked out a 0.03% gain in the last 24 hours but still sits 3.5% lower than it did a week ago.
According to analyst Captain Faibik, this mix of flat gains and fading strength could mean traders are buying Bitcoin at the top.
Bearish RSI Divergence Signals Weakness
Based on data, the Relative Strength Index (RSI) has drifted downward after peaking near 80, even as Bitcoin’s price pushed to fresh highs. The RSI now sits at 61.88, a clear sign that buyers are losing steam.
Traders often watch for this kind of mismatch—when price goes up but RSI goes down—because it can spell a coming pullback. History shows it doesn’t always lead to a crash, but it does make a correction more likely.
After carving out fresh highs, it feels like Bitcoin has hit its ceiling, according to Fabik, and a pullback into the $92,000–$94,000 zone coul
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