Bitcoin Apr. 24 daily chart alert - Bulls in some technical trouble

Bitcoin Apr. 24 daily chart alert - Bulls in some technical trouble bitcoin Cryptocurrencies

- April Bitcoin futures prices are slightly lower in early U.S. trading Monday. Bulls have faded the past week. A price uptrend on the daily bar chart has stalled out.

See at the bottom of the chart that the MACD indicator is also in a bearish posture. Bulls still have the very slight overall near-term technical advantage but need to show fresh power soon to keep it. Stay tuned!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

KitcoNewsNOW /  🏆 13. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hibernation is done – How Bitcoin [BTC] bears, dormant wallets are making a moveBitcoin's price correction led to the crypto-market's volume decline. Long liquidations increased sharply too.
Read more »

Bitcoin [BTC] prices turn the tides for traders; Is more FUD to be expectedInstitutional investors start to turn bearish against BTC as short positions against the cryptocurrency increased. Miner revenues declined, but mining companies remain largely unaffected.
Read more »

Demand for power for bitcoin mining still high despite B.C. Hydro freezeB.C. Hydro hoped 2022 Bitcoin crash would bring normalcy to sector, but interest still booming while new sustainability questions arise.
Read more »

Assessing whether Bitcoin can slide below $20,000 as FUD intensifiesThe latest Glassnode alert revealed that the amount of Bitcoin supply last active in the last two-three years just soared to a 2-year high.
Read more »

Demand for power for bitcoin mining still high despite B.C. Hydro freezeInquiries to use B.C. Hydro grid power continue to add up while the province worries whether new connections will crowd out greenhouse gas objectives.
Read more »

Bitcoin could hit US$100,000 by end of 2024, Standard Chartered saysStandard Chartered said on Monday that the pathway to the US$100,000 level is ‘becoming clearer’ as the so-called ‘crypto winter’ is over
Read more »