“Our short-term [bitcoin] indicators are mixed, but a greater loss of short-term momentum would support a retest of support (~$18,300-$19,500), below which secondary support is near $13,900,” Katie Stockton, a chartered market technician and founder and managing partner of Fairlead Strategies, wrote in a weekly analysis published Monday. “Intermediate- and long-term momentum indicators are still pointing lower, increasing risk of another significant downdraft in the months ahead.”
Related posts
-
Is Ethereum dying? Bitcoin eyes $100,000 while ETH struggles under $3,500
Ethereum (ETH) lost its three-year support against Bitcoin (BTC) as the most prominent cryptocurrency rallied towards... -
$1B Pours Into US Bitcoin ETFs in a Single Day, Shaking Up the Market
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) achieved a significant milestone, bringing in $1 billion... -
Anixa Biosciences expands treasury strategy with Bitcoin
Cancer-focused biotech Anixa Biosciences announced plans to invest in Bitcoin to strengthen its financial strategy and...