Analyst lists 21 factors calling for Bitcoin price upside — But just 4 bearish signals
Bitcoin (BTC) traders may be experiencing some “extreme panic,” but one analyst argues that practically all the technical metrics point to price upside.
Speaking to Cointelegraph on Dec. 16, Filbfilb, co-founder of trading platform Decentrader, listed more than 20 signs that bullish momentum should be next for Bitcoin.
BTC/USD gained with equities late Wednesday thanks to comments on policy from the United States Federal Reserve.
Reaching $49,300, the pair then began to consolidate below the $49,000 mark, a point at which it remains at the time of writing.
Sentiment, however, has yet to show any faith in the short-term future of BTC price action, with the Crypto Fear & Greed Index at just 29/100 — something Filbfilb believes is misplaced.
“Basic
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