Sign up with Google
Bitcoin Close to Sounding Sell Alarm as Recent Rally Cools
As Bitcoin’s recent rally cools, technical signals suggest the biggest cryptocurrency could face further headwinds ahead.
The trading range between Bitcoin’s 50- and 200-day moving averages has diminished to its narrowest since June, potentially indicating that an inflection point may be on the horizon. Though Bitcoin’s already fallen below its 50-day moving average, a drop below the 200-day could trigger a sell signal.
As Bitcoin’s recent rally cools, technical signals suggest the biggest cryptocurrency could face further headwinds ahead.
The trading range between Bitcoin’s 50- and 200-day moving averages has diminished to its narrowest since June, potentially indicating that an inflection point may be on the horizon. Though Bitcoin’s already fallen below its 50-day moving average, a drop below the 200-day could trigger a sell signal.