30 May | Bitcoin

Technical indicators point to possible bitcoin price correction – 10xResearch

Technical indicators point to possible bitcoin price correction – 10xResearch

An analysis of bitcoin's technical indicators revealed numerous signals suggesting a possible price reversal as early as June 2025. The alarming signal comes from indicators on a monthly scale, which are often ignored when analyzing short-term periods.

Analysts at 10xResearch identified a bearish divergence of various technical indicators that collectively point to a potential weakening of bitcoin's upward momentum, raising concerns of an impending correction.

Analyst James Van Straten noted a sharp divergence between MicroStrategy's stock price and the bitcoin price. In November 2021, MicroStrategy's stock fell significantly while bitcoin rose to an all-time high of $69,000 before collapsing. MicroStrategy stock is now down 50% since the end of 2024. At the same time, bitcoin has reached highs above $111,000.

This divergence raises concerns about possible corrections in bitcoin's trajectory. According to 10xResearch, large investors such as MicroStrategy are reducing their purchases. The buying momentum is waning, and the technical signals are frighteningly similar to the pattern already occurred in 2021, when bitcoin plummeted.

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