Bitcoin Price Rally Could be on Last Legs, Bloomberg Analyst Warns

2019-3-13 00:30

A key market indicator shows that the Bitcoin price rally may be losing steam. According to Bloomberg, “Bitcoin’s Moving Average Convergence Divergence indicator has been steadily falling since mid-February.

” MACD is a commonly used metric for technical analysis. When it diverges from the symbol, it means that a trend may be over with. Watch out Bitcoin Bears – MACD Isn’t Everything Let’s keep in mind, however, that this is crypto. Old world tools like MACD and EMA only go so far here. Long-term charting suggests that Bitcoin may be overbought, but sellers may nevertheless back away from the market if

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Analysts Expect Bitcoin to Dip to Key “Liquidity Clusters” Before Rallying

Bitcoin has been facing some mixed price action as of late, with buyers and sellers both engaged in a heated battle for control of its near-term outlook Despite attempting to break below its last-ditch support between $9,900 and $10,000, BTC is now pushing back towards its key $11,000 resistance region Where the cryptocurrency trends next may depend largely on its reaction to this level One trader believes that Bitcoin may first take out a “liquidity […]

2020-9-18 02:00


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