Btc ltc tradingview

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These fund managers will have to face angry clients if Bitcoin's performance wanes, thus it's important to keep a level head when considering the lofty price estimates being thrown out by analysts. There are three key reasons behind the Add a Comment Your ability to comment is currently suspended due to negative user reports.

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The price has dropped by over 2. This latest leg down appears to have been caused by a general market sell-off, as most major cryptocurrencies are now in the red. Source: TradingView The RSI indicator is currently showing signs of bearish divergence as it has failed to make any higher highs while the price has made higher highs. This suggests that the current rally may be running out of steam and that a move to the downside could be on the cards in the near term.

The MACD indicator is currently in bearish territory, however, it is beginning to flatten out which suggests that momentum may be starting to turn in favor of the bulls. The bulls tried to uplift the price yesterday, but bears have successfully been able to tackle their momentum and have once again secured their winning position.

Source: TradingView The moving average MA on a 1-day chart is lower than the current trading price, which indicates that the market is currently in a bearish mood.

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