Since we turned neutral on the Bitcoin Trend Indicator (from significant uptrend, on Jan. 18), and front-end US interest rates have risen 5bps, we’ve fallen lower about 4.5% lower to 39.5k, and lie back in the middle of the bitcoin (BTC) price trend channel established at the crypto winter bottom in Dec 2022.
Related posts
-
XRP Sinking? Why Altcoin’s Price Continues Downward Plunge
The once-booming cryptocurrency Ripple (XRP) finds itself in a precarious position. The past month has been... -
NFT Sales See Week-Over-Week Decline as Market Continues to Cool
Non-fungible token (NFT) sales from May 4 to May... -
DOGE and NEAR Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update
CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises...