Compartir este artículo
Looking Heavy? Bitcoin Eyes Correction After New High
Despite having clocked a new lifetime high of $11,831 yesterday, bitcoin prices could be on the verge of a pullback.
Por Omkar Godbole
After reaching a fresh all-time high yesterday, bitcoin could be losing its upside momentum.
The world's largest cryptocurrency by market value clocked a high of $11,831 at 20:30 UTC Sunday, but closed below the previous record high of $11,377, according to CoinDesk's Bitcoin Price Index. At press time, BTC was trading at $11,238 – up 0.5 percent for the session.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
As per CoinMarketCap, week-on-week, bitcoin is up 18 percent, while on a monthly basis, it has gained more than 50 percent.
But while the bull market is still intact, bitcoin's failure to close above the previous record high indicates bull market exhaustion. Further, a look at the price chart indicates the cryptocurrency could be in for a short-term pullback.
The above chart shows:
- Bitcoin did clock a fresh record high yesterday, but could not close above the previous record highs near $11,500. Similar price action is seen today, as the cryptocurrency clocked a high in the $11,600 region, before falling back below the previous record high.
- Yesterday's candle has a big upper shadow (gap between intraday high and daily close), which indicates bullish exhaustion.
- A break above the last Wednesday's big doji candle high (previous record high) lacked volume support (i.e. trading volumes remained well below the level seen on last Wednesday).
- The relative strength index (RSI) shows overbought conditions.
View
- Bitcoin could re-test the psychological support level of $10,000. The ascending trendline (drawn from Nov. 12 low and Nov. 24 low) could offer support (today) around $9,900 levels.
- However, the 5- and 10-day moving averages are sloping upwards, indicating a drop below $10,000 could be short-lived.
- Only an end-of-day close below the rising trendline could be considered a sign of short-term trend reversal.
- In the larger scheme of things, the chart remains in favor of the bulls. As history shows, majors tops have been formed on the back of bearish price RSI divergence.
Weights image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DOT Sinks 2% After Breaking Key Support
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
What to know:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.
Top Stories
