Bitcoin’s [BTC] much-awaited journey to $30,000 was met with some resistance as the king of cryptocurrencies traded at $27,997 at press time. BTC dropped by 0.59% in the last 24 hours and witnessed a drop of 0.08% in the last seven days as per data from CoinMarketCap. However, BTC’s mining difficulty moved in a different […]
If all the above-mentioned signals weren’t confusing enough, at the time of writing, BTC’s Relative Strength Index didn’t seem to be moving in a clear upward or downward direction. Instead, the RSI moved sideways and made its stance slightly above the 50 mark at 59.
Additionally, the Awesome Oscillator stayed above the zero line, however, flashing red bars. This could be taken as a sign of a probable price correction on the charts. Furthermore, the Bollinger Bands, at press time, were seen moving in a contracted state after what can be seen as an expansion. So which way would BTC swing? It only seems to be a matter of time. Meanwhile, investors hoping for a clear buy or sell signal must stay cautious.Subscribe to get it daily in your inbox.
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