Bitcoin's key momentum metric just flashed bearish with BTC price pinned unde...
The relative strength index is making lower highs while correcting from its overbought area. The run-up in the Bitcoin (BTC) price toward $50,000 last week risks exhaustion due to a mismatch between the cryptocurrency's price and momentum trends.So it appears the Bitcoin's price and relative strength index (RSI) have been moving in the opposite direction since late July. In doing so, even a strong push higher in the BTC/USD bids has coincided with lower peaks in momentum, suggesting that the pair's upside momentum is weakening out.Bearish divergenceA normal RSI momentum tends to tail the....
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Following a slight surge in price, bitcoin was trading lower on Friday, as bearish momentum returned to crypto markets. BTC was once again nearing the $20,000 level in today’s session, while ETH fell below $1,100 earlier in the day.
Bitcoin
BTC moved lower in Friday’s session, as bearish momentum once again reigned supreme in crypto markets.
Following a slight increase in price on Thursday, BTC/USD fell to an intraday low of $20,265.23 heading into the weekend.
As a result of Friday’s move, BTC moved towards what seems to be its new....
Bitcoin price is back in the mid-$50,000 range, after several rejections from resistance at above $60,000 per coin. A visit to support levels to test demand much lower might soon become a reality now that a technical indicator measuring momentum has flipped bearish for the first time since 2020. Here’s what this could mean for the leading cryptocurrency by market cap’s current bull run. Bitcoin Momentum Turns Bearish For First Time Since Late 2020 When […]