View full page at cryptocraft.com

 

Bitcoin Price Analysis: BTC Eyes $30K But Signals Correction Might Soon Take Place

From cryptopotato.com

The global crypto market has risen another $30 billion today, which has helped lift Bitcoin out of yesterday’s bearish descending triangle and onwards towards a new all-time high at $28,800. Despite the increase in investment entering the market over the last 24 hours, the overall trading volume has actually declined by $10 billion. This, coupled with the fact that there is a substantial RSI divergence on the Bitcoin price chart right now, suggests that the current bullish trend is weakening and that the leading cryptocurrency might correct soon. January has almost always been a bearish time for Bitcoin and the wider ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis