Bitcoin price shows signs of exhaustion as it trades around the $34,000 region.
Two sell signals on the daily time frame suggest a potential pullback. On-chain metrics show declining investor sentiment and a potential sell-off. Bitcoin (BTC) price, on the daily time frame, showcases not one but multiple sell signals. To add to its woes, on-chain metrics are also showing profit-taking en masse. While the rally prompted by the potential ETF approval has propelled BTC so far, the lack thereof could also knock the pioneer crypto lower.
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Bitcoin price shows signs of exhaustion as it trades around the $34,000 region.
Two sell signals on the daily time frame suggest a potential pullback.
On-chain metrics show declining investor sentiment and a potential sell-off.
Bitcoin (BTC) price, on the daily time frame, showcases not one but multiple sell signals. To add to its woes, on-chain metrics are also showing profit-taking en masse. While the rally prompted by the potential ETF approval has propelled BTC so far, the lack thereof could also knock the pioneer crypto lower.
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