What Bitcoin correction? BTC value holds $55K regardless of a number of bearish indicators By Cointelegraph

[ad_1]


© Reuters.

Skilled analysts and media shops together with Cointelegraph just lately highlighted some indicators suggesting that the (BTC) value rally may very well be overextended.

These bearish views embody one from Bollinger bands creator John Bollinger, suggesting merchants use a trailing cease, as indicators of a “prime” had been increase.

Bitcoin ‘Concern & Greed’ index (above) and Bitcoin value at Bitstamp (beneath). Supply: btctools.io, TradingView
Bitcoin value at Coinbase (NASDAQ:) utilizing 20-day Bolling Bands. Supply: TradingView
Bitcoin 8-hour perpetual futures funding charge. Supply: Bybt.com