Markets.News
Bitcoin, currently valued at around $110,000, is experiencing a period of stability in trading, prompting speculation among traders about a potential market shift. The cryptocurrency saw an impressive 700% surge from lows in late 2022 to reach a peak of approximately $124,500 earlier this year. However, recent indicators suggest that the bullish trend may be losing steam. Analyst Ali Martinez pointed out concerning signals such as Bitcoin's weakening dominance, resembling patterns observed before the 2021 market peak. Martinez highlighted various red flags including a bearish divergence in the RSI, a crossover in the MACD, and a potential price decline if BTC fails to maintain its current... Further details can be found on Benzinga.com.