“We have been bullish on bitcoin since the end of January, but the risk-reward analysis favors a period of consolidation,” Matrixport analysts said. “This bull market still has legs, but the divergence between a declining RSI and still high Bitcoin prices could signal that Bitcoin needs to consolidate before rallying again.
Related posts
-
‘Stand With Crypto’ Advocacy Alliance Surpasses 1 Million Supporters
The “Stand with Crypto” alliance has achieved a notable... -
Clues To MKR’s Price Path Ahead
Amidst the crypto market resurgence, the smart contract platform Maker and its native token MKR have... -
Binance Confirms Mastercard and Visa Support for Crypto Purchases but No Binance Credit Card Issued
Cryptocurrency exchange Binance posted on social media platform X...