Bitcoin Analyst Issues Warning of Potential Downtrend in August

btcbooster (25)in #bitcoin • 2 years ago

In Brief:

Anonymous cryptocurrency analyst and trader, Rekt Capital, has highlighted the tendency for the largest cryptocurrency to move downwards in the month preceding its block reward halvings.
The analyst also pointed out that Bitcoin’s Relative Strength Index (RSI) shows a potential downward trend on the weekly time frame, indicating a decrease in momentum for Bitcoin.

2 years ago in #bitcoin by btcbooster (25)

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