Will it or will it not? How well can Bitcoin [BTC] resist the selling pressure - BitcoinEthereumNews.com
BitcoinWill it or will it not? How well can Bitcoin [BTC] resist the selling pressure08 / 06 / 2022ข่าว Bitcoin Ethereum ในช่วงไม่กี่สัปดาห์ที่ผ่านมา บิทคอยน์ [BTC] has maintained a solid position over shorts. In fact, this strength was enough to send BTC to $24,000 and keep it above $20,000 for most of July. Things might have, however, taken a new turn. CryptoQuant analyst Ghoddusifar believes that BTCs price could ลดลง because of the selling antics of short-term investors. According to a blog post dated 6 August, the analyst explained that there is a possibility of a downtrend. He said, “We see a negative divergence in the RSI and MACD oscillators. These could be a pre-signal of the possibility of wedge breakdown” So, is there a correlation between BTC‘s ongoing momentum and the analyst’s suggestions? Projections in alignment Well, based on the BTC/USDT chart, the analyst could be right. At press time, the Moving Average Convergence Divergence (MACD) underlined that sellers were in control with the shorts strength (orange) slightly above the longs (blue). The implications of this momentum indicator also seemed to agree with his claim of a negative divergence. ที่มา: BTC/USDT บน TradingView The Relative Strength Index (RSI) can also be seen towing a downward momentum and consolidating between