View full page at cryptocraft.com

 

Technical Indicator Shows That Bitcoin: USD/BTC (BTC=X) Slight Upwards Momentum is Slowing

From livetradingnews.com

Although Bitcoin has established some levels of stability around its current price of $3,900 for the past several weeks and volatility has been steadily decreasing, as a recent Bloomberg report points out, Bitcoin’s Moving Average Convergence Divergence indicator has been declining since mid-February, which may signal that the cryptocurrency will soon incur significant selling pressure. This indicator, which is most commonly referred to as MACD, offers traders and analysts insight into the momentum and trends of a specific asset, and is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis