Bitcoin's momentum indicator is flashing a signal that should worry bulls
A key momentum indicator for Bitcoin is signaling potential trouble for bullish investors, as it has turned bearish for the first time since early 2023. This shift suggests that the recent upward price movements may be losing strength, raising concerns about a possible price correction. Analysts are noting that if the trend continues, it could lead to increased selling pressure. Traders are advised to monitor this indicator closely, as it may impact future market sentiment and price action.
Read the full article: CoinDesk