“The monthly chart of bitcoin shows a pending overbought downturn in the monthly stochastics. If confirmed at month-end, it would be a negative catalyst, suggesting the trading range marked the end to the cyclical uptrend from the 2022 low,” analysts at Fairlead Strategies said in a note shared with CoinDesk Wednesday.
Related posts
-
Mad Money’s Jim Cramer Prefers BTC to MSTR — Tells Investors: ‘Own Bitcoin. That’s a Winner’
Mad Money host Jim Cramer has picked bitcoin over Microstrategy’s stock (MSTR), calling the cryptocurrency “a... -
Deribit Moves $783M in Ethereum To Cold Storage: A Bullish Signal for ETH?
While Ethereum seems to have begun its own major rally, the asset has recently experienced significant... -
Vaneck Analysts Forecast Bitcoin’s Path to $180,000 Amid Regulatory Shift
Vaneck analysts Nathan Frankovitz and Matthew Sigel believe bitcoin’s price surge to record highs reflects a...