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Bitcoin’s (BTC) Uptrend From 2022 Low Threatened by ‘Pending Stochastics’ Signal: Fairlead Strategies

August 22, 2024

“The monthly chart of bitcoin shows a pending overbought downturn in the monthly stochastics. If confirmed at month-end, it would be a negative catalyst, suggesting the trading range marked the end to the cyclical uptrend from the 2022 low,” analysts at Fairlead Strategies stated in a be aware shared with CoinDesk Wednesday.

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Bitcoin’s (BTC) Uptrend From 2022 Low Threatened by ‘Pending Stochastics’ Signal: Fairlead Strategies

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