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Bitcoin's 20% rally masks bearish signals from whale selling, negative funding, and RSI divergence.

Technical Signals
06 May 2026
BeInCrypto
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Bearish
pluang ai news

Bitcoin's price rose over 20% in the past month, but underlying market signals suggest bearishness. Large holders (whales) have been selling, funding rates remain negative indicating more short positions, and the RSI shows a bearish momentum divergence. These factors imply the rally may be a counter-trend bounce rather than a new uptrend. Key resistance around $81,854 will determine if the price can continue higher or fall back to support levels near $76,656.

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