Bitcoin’s impressive upward momentum, which has seen the cryptocurrency’s price soar by nearly 300% since November 2022, may be in jeopardy. Analysts at Fairlead Strategies have highlighted a potential bearish signal that could herald a challenging period ahead for Bitcoin. The focus is on a technical indicator known as the “stochastic oscillator,” which is currently indicating an “overbought downturn,” a development that could signal the weakening of Bitcoin’s bullish run.·
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