840 aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvZWVhZTU1OWEtZmQ5Mi00YWRiLTgxNjEtNWIzOTYxZTlhZDU3LmpwZw ol50UZ

What Bitcoin correction? BTC price holds $55K despite several bearish indicators

Bitcoin price refuses to pull back despite Bollinger Bands and Fear and Greed pointing to an overheated rally.
Experienced analysts and media outlets including Cointelegraph recently highlighted some indicators suggesting that the Bitcoin (BTC) price rally could be overextended. Those bearish views include one from Bollinger bands creator John Bollinger, suggesting traders use a trailing stop, as signs of a “top” were building up.However, it is worth noting that Bollinger Bands and the Fear and Greed indicator are backward-looking metrics. Therefore, those will usually flash overbought levels whenever there’s a 30% weekly rally, such as the most recent one.As crypto analyst TechDev_52 correctly questioned, there’s no way to know whether we’re entering a large potential correction or a rally continuation.Now you know why they call it a bear “trap”. It’s damn convincing.How do you know the “trap” from the

Czytaj więcej

We współpracy z: https://cointelegraph.com/news/what-bitcoin-correction-btc-price-holds-55k-despite-several-bearish-indicators

Total
0
Shares
Dodaj komentarz

Podobne Wpisy