Although forecasts remain generally optimistic, some analysts are pointing to signs that may indicate an imminent reversal. These signs involve divergences between price movement and key technical indicators.
A divergence occurs when the price reaches a new high, while technical indicators or related metrics begin to weaken. This usually signals a loss of momentum. Currently, Bitcoin is showing several such warning signs.
Divergences suggest a possible Bitcoin correction
The first concerning signal has appeared on the monthly chart. These timeframes often go unnoticed, as most traders focus on daily movements and miss the bigger picture. But right now, the monthly view clearly warrants attention.
According to 10xResearch, Bitcoin has once again hit a critical level and is behaving in a suspiciously similar way to what was seen in 2021. Back then, the 
price reached the top twice, with the second peak higher than the first. A similar pattern is now forming on the chart.
Bitcoin resistance in 2021 and 2025. Source: 10xResearch
In addition, analyst Matthew Hyland has identified a bearish divergence in the RSI on the weekly chart. Analyst Mitch Ray also noted a confirmed divergence on the daily timeframe — this time using the MACD-H indicator.
These technical chart signals suggest that Bitcoin’s growth momentum is slowing down. If the market continues in this direction, a noticeable correction could occur within the next few weeks.
One of the more unconventional indicators highlighted by analyst James Van Straten is the divergence in behavior between Bitcoin and MicroStrategy (MSTR) stock.
Bitcoin price vs. MicroStrategy stock. Source: James Van Straten
Van Straten pointed out that a similar situation occurred in 2021: back then, MicroStrategy's stock plummeted by nearly 50%, while Bitcoin simultaneously reached its all-time high of $69,000. Now, we’re seeing something similar — MSTR shares are again down 50% from their peak, yet BTC continues to rise, recently breaking above $111,000. The imbalance between the two is becoming increasingly evident.
Although James Van Straten didn’t provide a direct forecast, he believes the current setup resembles the early phase of a market reversal, much like the 2021–2022 cycle.
According to a 10xResearch report:
“Bitcoin closed the month at a high price, but beneath the surface, warning signs are growing. We see divergence between price, volatility, and retail behavior. Major players like MicroStrategy have reduced activity, key altcoins are losing support, volumes are falling, and momentum is weakening. All of this strongly resembles the final stage of the 2021 rally.”
That said, not all metrics point to a downturn. Interest in Bitcoin is growing among companies that previously had little to do with crypto — including those from the gaming, healthcare, and retail sectors. Bitwise forecasts that institutional investments could reach $426.9 billion by 2026, potentially acquiring up to 20% of Bitcoin’s total supply.
These new participants may be the key difference between the current market and that of 2021, suggesting that direct comparisons between cycles may not be entirely accurate.
