Bitcoin

Coin

<ul class="news-points"> 
 <li>Nicholas Merten, host of DataDash, says Bitcoin is currently in a no-trend zone.</li> 
 <li>BTC is at the same price tag as March 17, signaling the bull market narrative is starting to fall.</li> 
 <li>Bitcoin broke through the ascending line of support and met resistance at a prior support level.</li> 
</ul> 
According to Nicholas Merten, host of DataDash, a <a href="https://www.youtube.com/watch?v=sSujwD2vyZ4" target="_blank" rel="nofollow">YouTube</a> channel about crypto and financial markets, Bitcoin is currently in a no-trend zone. Merten noted that the flagship crypto is at the same price tag as March 17, signaling that the bull market narrative is starting to fall. 
In a recently uploaded video, Merten spotted crucial Bitcoin behaviors that suggest the price could move lower. He revealed that <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin</a> has broken through the ascending line of support and encountered resistance at a prior support level of the last bull market, all suggesting that the price could fall lower. 
Merten compared Bitcoin’s behavior with the mainstream asset market, showing a drop in the upside momentum of mainstream assets like Microsoft and Apple. According to Merten, the AI narrative and all the buzz about Microsoft and its stocks entering the bull market are starting to fade, just like they a…
The post <a rel="nofollow" href="https://coinedition.com/btc-enters-a-no-trend-zone-with-build-up-of-bearish-momentum-analyst/">BTC Enters a No-Trend Zone With Build-up of Bearish Momentum: Analyst</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

BTC Enters a No-Trend Zone With Build-up of Bearish Momentum: Analyst

Coin Edition

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