Bitcoin Price Outlook Worsens After Drop to Five‐Day Lows

Оригинал: https://www.coindesk.com/bitcoin-price-outlook-worsens-after-drop-to-five-day-lows/

Bitcoin’s (BTC) drop to five‐day lows on Monday has likely emboldened the bears, technical studies indicate.

The leading cryptocurrency traded in a sideways manner over the weekend, neutralizing the immediate bullish outlook. However, the consolidation was expected to end with an upside break, as the short‐term moving averages (MAs) turned bullish on Saturday, adding credence to positive relative strength index divergence.

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