This is a daily technical analysis of the Coindesk analyst and technician of the approved market Omkar Godbole.
Bitcoin
Bull Run has stalled, with emerging technical signals pointing to a possible withdrawal of prices.
The main cryptocurrency by market value exchanged nearly $ 108,000 at the time of the press, by probing the upward trend line, characterizing the sharp increase of $ 75,000 to record heights greater than $ 110,000, according to tradingView data.
There has been little bullish action in the last 24 hours despite the information that the Trump family media is planning to raise $ 3 billion to buy cryptocurrencies such as Bitcoin.
An indicator of key momentum called the variation rate of 30 days (rock), which measures the increase in percentage or the decrease in the price of bitcoin in last month, wrote a “down divergence”.
The lowering model occurs when the price of an asset increases, but the indicators of motion such as the variation rate of 30 days (rock) fail to confirm the same thing, referring to potential weakness and prices correction.
Although Bitcoin remains in a bullish bullish channel, the 30 -day rock forms the lower ups, signaling a downward divergence and weakening the momentum.
In addition, the daily histogram of the divergence of the average convergence of the average (MacD), an indicator widely used to assess resistance and trend changes, has reversed negative, indicating a lower shift of the momentum.
All of this means that the BTC could dive out of the upward upward channel, potentially revisiting the main psychological resistance transformed at $ 100,000.
The wider perspectives remain constructive, in accordance with the recent golden cross of single mobile averages of 50 and 200 days (SMAS).
