Pullback Ahead? Bitcoin Price Indicators Suggest Waning Bull Momentum - CoinDesk
Bitcoin's price action of the last 24 hours is telling a tale of buyer exhaustion and hinting at a more major price pullback ahead.
The top cryptocurrency by market value jumped to three-month highs above $9,600 during Monday's Asian trading hours, extending January's 30 percent gain.
However, the breakout above the lateral resistance of $9,586 (Nov. 4 high) was short-lived and the cryptocurrency ended the day (UTC) on a flat note at $9,288.
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