Bitcoin worth has been consolidating for the last 3 months straight, and also the entire crypto market is looking at and looking forward to a direction to be chosen.
An important indicator is showing extreme weakness, claims one crypto analyst, and warns that a “bigger drop” might be coming back. Even despite Bitcoin having already closed sixteen out of the last twenty-one daily candles red.
OBV Indicator Weakness could lead on to larger visit Bitcoin worth
The leading crypto plus by market cap has been mercantilism within a symmetrical triangle for the last 3 months. And no matter the direction it breaks to move into may confirm the direction of the trend within the future.
Currently, Bitcoin worth is testing the lowest of the symmetrical triangle, wherever it repeatedly bounces higher before stopping in need of an escape on top of. Bitcoin worth has closed sixteen out of the last twenty-one daily candles red, and a relief rally ought to be close to.
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