BTC Price Set To Rebound Into The Bull Market
BTC Price At A Crossroads – Going To $30k or $20k? Although hovering at $26,000 at the time of writing, BTC price is in a precarious position where short traders believe it is poised for another dip to $23,500 for the conservative ones and $20,000 for those stubbornly bearish. advertisement The technical outlook on the daily chart affirms the bearish stance, starting with the Moving Average Convergence Divergence (MACD) indicator’s sell signal. As long as this momentum indicator holds the downtrend in place below the mean line (0.00) the path with the least resistance will remain downward. An opposite outcome would be considered as the blue MACD line flips above the red signal line. Such a move would encourage more buyers to seek exposure to BTC following the drop to $25,000, in turn, contributing to the momentum for gains targeting $30,000. BTC/USD daily price chart | Tradingview The Money Flow Index (MFI) reveals that sellers have the upper hand. ...