Bitcoin’s Uptrend Threatened by Looming ‘Stochastics’ Signal: Fairlead Strategies

Bitcoin’s Uptrend Threatened by Looming ‘Stochastics’ Signal: Fairlead Strategies

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Source: Coindesk.com

Bitcoin's monthly stochastic is teasing an "overbought downturn," indicating a weakening of bullish momentum, according to Fairlead Strategies. Other indicators like the MACD also suggest the same.

Since November 2022, bitcoin's (BTC) price has surged nearly 300% from lows around $15,470. This remarkable uptrend is now challenged by a looming "stochastics

Read More https://www.coindesk.com/markets/2024/08/22/bitcoins-uptrend-threatened-by-looming-stochastics-signal-fairlead-strategies/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Bitcoin's Uptrend Threatened by Looming 'Stochastics' Signal: Fairlead Strategies" appeared first here Coindesk.com.

Source: Coindesk.com

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