Bull Case for Bitcoin Weakest Since February, Price Indicator Says

Пятница, 26 июля 2019 13:00
Bitcoin’s bullish momentum has weakened to five month lows, according to Chaikin Money Flow indicator.
That, coupled with the bearish lower highs pattern on short duration chart indicates BTC could fall back to the recent low of $9,049 and may even break lower.
BTC may bounce back to $10,300 if sellers again fail to penetrate the support at $9,600.
A UTC close above $11,120 is needed to revive the bullish view.
The bullish mood in the bitcoin (BTC) market is at its weakest in five months, according to key technical indicator.


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