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Is Bitcoin Losing Its Bullish Momentum? | Chart of the Day

CoinDesk
141K subscribers
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2K views 7 months ago #digitalfinance #bitcoin #crypto
BTC's 200-day SMA is close to losing its bullish momentum. TradingView data shows that the gauge has averaged a daily increase of less than $50 since late August, well below the $200-plus moves seen earlier this year. The slump in variability is a sign the average has hit stall speed for the first time since October, indicating a pause or impending bearish trend change. CoinDesk's Jennifer Sanasie presents the "Chart of the Day." #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk... Site: https://www.coindesk.com Twitter:   / coindesk   LinkedIn:   / coindesk   Instagram:   / coindesk   Facebook:   / coindesk   Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkv... Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8B... CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. ...more
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Is Bitcoin Losing Its Bullish Momentum? | Chart of the Day
33Likes
2,049Views
Sep 62024
BTC's 200-day SMA is close to losing its bullish momentum. TradingView data shows that the gauge has averaged a daily increase of less than $50 since late August, well below the $200-plus moves seen earlier this year. The slump in variability is a sign the average has hit stall speed for the first time since October, indicating a pause or impending bearish trend change. CoinDesk's Jennifer Sanasie presents the "Chart of the Day." #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk... Site: https://www.coindesk.com Twitter:   / coindesk   LinkedIn:   / coindesk   Instagram:   / coindesk   Facebook:   / coindesk   Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkv... Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8B... CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

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CoinDesk

141K subscribers