Analyst Says Bitcoin Has Topped Out and We Are Now

Analyst says we are selling the top amid the current Bitcoin bearish RSI divergence, signaling a potential correction.

Bitcoin’s price has recently reached $105,303, showing a modest 0.02% increase in the past 24 hours. However, it has experienced a 4.13% decline over the past week. As Bitcoin’s price continues to struggle within this stagnation, analyst Captain Faibik highlights a possible topping out, signaling that the current price movement could be nearing its end.

Earlier on, around late 2024 and early 2025, the price of Bitcoin continued to rise, while the Relative Strength Index (RSI) signaled a weakening of buying momentum.