Key points:
Bitcoin‘s RSI is throwing a tantrum, suggesting prices might dive lower, because who doesn’t love a good dip?
The May candle closed with a neat 11% gain—fanfare! But let’s be real, everyone’s eyeing that weekly close like it’s the season finale of their favorite soap.
Targets include a cozy $97,000 and the ever-elusive $100,000—because apparently, that number just refuses to leave the party.
Bitcoin (BTC), that digital magic potion, attempted to hang onto 2024’s lofty highs on June 1 after charming us with an 11% monthly jump. 
RSI Divergence: The Market’s Drama Queen
Crypto Moon Markets Pro and TradingView, those charming nerds, showedBTC/USD trying to flirt with $105,000 into the weekly finale. Unfortunately, the week’s mood soured, and Bitcoin remembered it’s a rollercoaster, bouncing back to a support level we’ve known since the olden days of December 2024, around $104,450.
Legendary trader Matthew Hyland announced this moment is “pivotal”—because when the market says that, you better grab some popcorn.
#BTC Weekly close now pivotal
— Matthew Hyland (@MatthewHyland_) May 30, 2025
Hyland’s chart shows a classic teenage breakup: price and RSI diverging like two people at a party pretending not to look at each other. RSI, the “feelings” gauge of trend strength, is acting moody.
Crypto’s bad boy Titan warned that this divergence could spell trouble for bulls, like a warning sign on a haunted house. “Still unconfirmed but worth watching,” he said, probably while nervously eyeing Fibonacci retracement levels—those fancy tools that mark where buyers and sellers are doing the tango at $97,000 and $90,000.
After a 50% climb, Titan suggests a chill-out period wouldn’t hurt. Market health, after all, is like a good pair of jeans—best when not too tight.
Price Uptrend: Still Standing, Barely
Trader CrypNuevo, possibly the most optimistic person on crypto Twitter, points out that $100,000 acts like a magnetic magnet—if prices dip, they’ll probably bounce right back as if drawn by an invisible unicorn. Liquidity clusters around these levels like caffeine at a morning meeting.
Despite an 8% dip in the last week, CrypNuevo remains an unwavering believer that the bull’s not dead—just taking a little nap. “We’ll probably drop to $100K, hang out there, maybe wiggle below for a breather,” he said, because for some of us, stability is just a fancy word for “holding your breath.”
“But in the big picture, we have the bull market support at $84k catching up to price; uptrend is intact; liquidity is above.”
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2025-06-01 19:15