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BTC Falls Below Resistance, Indicators Show Possible Bear Season

Published 02/10/2023, 07:28 AM
Updated 02/10/2023, 07:30 AM
© Reuters.  BTC Falls Below Resistance, Indicators Show Possible Bear Season

  • Santiment announced that the prices of crypto and equities have declined.
  • BTC is currently struggling to stay afloat above the 200 EMA.
  • RSI, BBP, and CMF could show signs of the bear season for BTC.

Analyzing the current market, Santiment, a market intelligence platform, took to Twitter to announce that the prices of crypto and equities have declined together after witnessing a bull run at the start of 2023. Santiment also pointed out that Bitcoin and altcoins have corrected a bit.

The 4-hour trading chart shows that BTC witnessed a sudden vertical jump just a few days after the golden cross was made during the intersection of 50 EMA and 200 EMA. During BTC’s bull run, the price kept on going upward.

4-hour chart BTC/USDT (Source: Trading View)

Around the last week of January, BTC started off with a desce…

The post BTC Falls Below Resistance, Indicators Show Possible Bear Season appeared first on Coin Edition.

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