Thursday, 2 May 2024

Bitcoin Technical Analysis: Uncertainty Looms as Bearish Patterns Persist

by BD Banks

Bitcoin Technical Analysis: Uncertainty Looms as Bearish Patterns PersistBitcoin’s technical analysis reveals a protracted bearish trend, reflecting significant selling pressure and resistance to upward movement. With today’s price standing between $57,505 and $58,059 at 8 a.m. ET, oscillators and moving averages predominantly suggest a continuation of this decline. Bitcoin On the BTC/USD daily chart, the trajectory of lower highs and lower lows underscores […]
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