Friday, December 9, 2022

So what if Bitcoin price keeps falling! Here is why it’s time to start paying attention By Cointelegraph



So what if Bitcoin price keeps falling! Here is why it’s time to start paying attention

For bulls, Bitcoin’s (BTC) day by day price motion leaves lots to be desired, and in the meanwhile, there are few indicators of an imminent turnaround.

Following the development of the previous six or extra months, the present components proceed to place strain on BTC price:

weekly chart relative energy index. Supply: TradingView
BTC/USD weekly chart. Supply. TradingView
BTC weekly MACD. Supply: TradingView
BTC/USD weekly chart reflecting bullish divergences. Supply: TradingView
MVRV Z-Rating. Supply: Glassnode
Bitcoin reserve threat. Supply: LookIntoBitcoin