Bitcoin Technical Indicator Suggests Low Probability of ‘Santa Rally’

Bitcoin may not be able to build on the relief rally as it heads into the year-end, a key technical indicator that’s flipped bearish amid heightened macro risks indicates. “The weekly MACD is on a ‘sell’ signal for the first time since April, increasing risk into year end,” Katie Stockton, founder and managing partner of … Read moreBitcoin Technical Indicator Suggests Low Probability of ‘Santa Rally’

TA: Bitcoin Settles Below $50K, What Could Initiate A Fresh Rally

Bitcoin declined heavily and it even spiked towards $40K against the US Dollar. BTC is recovering, but it must clear $50K for a steady increase in the near term. Bitcoin is attempting a recovery wave above the $47,000 and $47,500 levels. The price is now trading below $50,000 and the 100 hourly simple moving average. … Read moreTA: Bitcoin Settles Below $50K, What Could Initiate A Fresh Rally