“At the end of August, bitcoin confirmed an overbought downturn in its monthly stochastics in a setback,” Katie Stockton, Fairlead Strategies’ founder and managing partner, said in a note to clients on Monday. “The downturn suggests the basing process may be drawn out, especially given the overhang of the monthly cloud model, which enhances resistance (~$31.9K) from the weekly cloud model.”
Bitcoin’s (BTC) Recent Weakness Has Not Been Isolated to Crypto Markets, Coinbase Says
“The average weekday spot volume on CEXs during 1Q24 was $18.8 billion, more than eight-fold the $2.3 billion daily volume...