Bulls managed to limit loss despite the bear threat coming from the traders' pausing of fund flow ahead of the Constantinople hard fork. Major cryptocurrencies were able to stay above the psychological support levels. The cryptocurrency market capitalization is currently at USD 130b as of press time.
At the time of writing, the BTC/USD is trading at $3,809.09, up by 2.30 percent.
During the trading session, bitcoin reached the lowest wick at $3,656.19. However ,the RSI (Relative strength index) in an hourly time frame has shown an overbought pattern, offering a strong sell.
Looking on the squeeze band pattern, traders need to be cautious of possible strong movement. It can either strongly indicate an uptrend or downtrend.
At the time of writing, the BTC/USD is trading at $3,809.09, up by 2.30 percent.
During the trading session, bitcoin reached the lowest wick at $3,656.19. However ,the RSI (Relative strength index) in an hourly time frame has shown an overbought pattern, offering a strong sell.
Looking on the squeeze band pattern, traders need to be cautious of possible strong movement. It can either strongly indicate an uptrend or downtrend.