Bitcoin could slide further as key technicals point to downside
Bitcoin Bitcoin could slide further as key technicals point to downside बिटकॉइन एथेरियम समाचार Bitcoin (BTC) is currently experiencing mounting bearish pressure, just a week after the cryptocurrency attempted to rally toward the $30,000 level, supported by positive regulatory developments. These bearish sentiments arise as crucial technical indicators signal a potential downward trajectory in both the short and medium term. As per an analysis posted on 5 सितंबर को , caution should be observed when assessing Bitcoins price. The analysts noted that despite a brief period of stability over the long weekend, BTC price largely remained flat, hovering around the $26,000 mark, a notable area of concern. The analysis pointed out that after a brief spike above $28,000 last week, Bitcoins technicals have begun to turn bearish again. Furthermore, the weekly timeframe also indicates a growing bearish sentiment, with key indicators such as the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Stochastic Oscillator pointing firmly to the downside. Of particular concern is the MACD, which currently hovers just slightly above the midpoint. warned that a further slide to zero could spell more trouble for the cryptocurrency, anticipating a further drop below $24,000. “MACD is just slightly above the midpoint, and if it breaks below