Bitcoin Price Indicator is Most Bearish Since December - CoinDesk
Bitcoin’s three-months of sideways trading may soon end with a notable price drop, as key indicator is reporting strongest bearish bias in nine months.
The leading cryptocurrency’s stellar rally from April’s low of $4,000 ran out of steam at highs above $13,880 at the end of June. Since then, BTC has produced a series of lower highs well above $11,000 and higher lows in $9,000 to $10,000 range.
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