Bitcoin Analyst Issues Warning of Potential Downtrend in August

in #bitcoin • 3 years ago

In Brief:

  • Anonymous cryptocurrency analyst and trader, Rekt Capital, has highlighted the tendency for the largest cryptocurrency to move downwards in the month preceding its block reward halvings.
  • The analyst also pointed out that Bitcoin’s Relative Strength Index (RSI) shows a potential downward trend on the weekly time frame, indicating a decrease in momentum for Bitcoin.

https://en.coin-turk.com/bitcoin-analyst-issues-warning-of-potential-downtrend-in-august/

3 years ago in #bitcoin by
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