Bitcoin Oversold, Resistance at $33K-$35K – CoinDesk

Bitcoin Oversold, Resistance at $33K-$35K – CoinDesk

Momentum signals remain negative on the daily, weekly and monthly charts, which typically leads to a period of low or negative returns. Further, BTC is on track for its first-ever consecutive seven-week decline, according to Coinbase price data provided by TradingView, dating back to 2014. That’s also a sign of negative price momentum.


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