Tags : Flashes

Bitcoin

Bearish Divergence Flashes Warning for Bitcoin as Price Nears $60,000

A widely traced technical indicator in the Bitcoin market is signaling bullish exhaustion as the cryptocurrency flirts with $60,000. The 14-day Relative Strength Indicator (RSI), which alters traders about Bitcoin’s oversold and overbought conditions, has formed lower highs so far in 2021, decoupling from the cryptocurrency’s relentless uptrend, which is forming higher highs as the […]Read More

Bitcoin

Bitcoin Fractal That Crashed BTC/USD by 50% Flashes Again in

Bitcoin is showing signs of replicating its trend from 2019 that crashed its prices by more than 50 percent. According to a fractal first spotted by TradingShot, an independent trade analytics firm, the flagship cryptocurrency’s downside correction move from its recently-established record high near $42,000 is very similar to its plunge in June 2019. That […]Read More