Crypto
Bitcoin Cycle Bottom Potential Emerges According to Fairlead Analyst
Fairlead analyst Katie Stockton suggests that Bitcoin may be forming a cycle bottom. According to her, BTC is no longer oversold but still far from overbought territory.
The current price of $78,693.21 is supported by the EMA50 at $75,319.92 and the EMA200 at $68,633.94. The 4h chart shows that the RSI(14) is in neutral territory at 57.65, while the MACD prints a death cross at 870.43.
The Bollinger bands indicate a healthy pullback towards the 50-EMA before any potential fresh leg higher. This development adds to ongoing debates and analysis of Bitcoin's market cycle bottom.