Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Coinpedia Fintech News on April 07, 2023, 11:31:06 AM
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The Bitcoin market is currently showing signs of forming a possible double top, with the daily RSI indicator displaying a falling divergence.
Despite this, bulls are feeling rejuvenated to push beyond $30k after consolidating around $28k for the past three weeks. Whales have also continued to accumulate more coins amidst the volatility. However, regulatory scrutiny in the United States has weighed heavily on investors, and a pull-down towards $25k or below cannot be entirely invalidated.