Bitcoin Price Indicator Most Bearish Since December ?
Bitcoin sitting a bit under $10K, the sky isn’t falling
Bitcoin Price Indicator is Most Bearish Since December
“Bitcoin’s weekly moving average convergence divergence histogram is reporting strongest bearish bias since December. The cryptocurrency risks diving out of a narrowing price range.
Daily chart indicators are also biased bearish. A range breakdown, if confirmed, would open the doors for a drop below $9,000.
A range breakout would imply a resumption of the rally from $4,000 and could yield a sustained move above key resistance at $12,000.”