Bitcoin Bear Rally Resistance Stall
Bitcoin's rally is stalling below significant macro resistance, suggesting a potential continuation of its corrective phase.
Too little corroboration in the last 3 days to call a trend (8 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"This means that once Bitcoin finally stalls, XRP/BTC could move upward with very little resistance. The daily XRP/BTC chart has already produced a local bullish signal from the RSI, while the volume profile shows that a so-called 'vacuum' lies above the current price — an area with almost no sell orders."
"Instead, the structure looks like prior midterm-year rallies that briefly pushed above key resistance before rolling over again."
"This configuration typically represents a market in which rallies are consistently sold rather than accumulated."
"We have had a really good rally since the lows of February, but still what I’m telling here is that it’s a bear market rally."
"We have had a really good rally since the lows of February, but still what I’m telling here is that it’s a bear market rally."
""We have had a really good rally since the lows of February, but still what I’m telling here is that it’s a bear market rally," Cowen stated."
"We have had a really good rally since the lows of February, but still what I’m telling here is that it’s a bear market rally."
"BTC recovered above the 50-day and 100-day moving averages after rising sharply from the March lows, but the advance stalled close to the declining 200-day moving average."