Momentum indicators, however, tell a more nuanced story. Traders use the Squeeze Momentum Indicator to show what kind of market phase an asset is currently trading in, be it a bullish/bearish impulse or bullish/bearish trend. This indicator has flipped bearish, marking a shift in short-term direction that often precedes deeper corrections when combined with other weak signals.The technical picture shows Bitcoin maintaining its golden cross formation, where the 50-day moving average (EMA50) sits comfortably ...

The Average Directional Index, or ADX, measures trend strength on a scale where anything below 20 means "no clear trend," 20-25 indicates a trend is forming, and above 25 confirms strong directional movement. At 18, Bitcoin is essentially drifting in a choppy market where neither buying nor selling pressure dominates. This is why you don’t see a clear long-term bullish or bearish trend, and instead the coin has been bouncing sideways for weeks now.The Relative Strength Index, or RSI, for BTC is at 52, which ...

pi network kyc, pi coin price. Photo by BeInCrypto Pi Coin has slowed its decline after last week’s crash that pushed the token to a new all-time low.  While broader market conditions remain weak following the $150 billion crash in the last 24 hours, the altcoin is showing signs of stability. Investors’ cautious optimism is critical in keeping Pi Coin from deeper losses. Pi Coin Finds Support The Average Directional Index (ADX) highlights that bearish momentum is strengthening. The indicator shows Pi Co ...

The crypto market, including Bitcoin, is today still dealing with the effects of yesterday’s massive liquidation cascade, though the bleeding has slowed. The total cryptocurrency market capitalization sits at $3.9 trillion, down a slight 0.6% over the past 24 hours, according to CoinGecko. Not bad considering yesterday was the year's largest liquidation event with over $1.7 billion in leveraged long positions being forcibly closed. Much like yesterday, though, the tradfi market is faring much better: The ...

Just when it looked like Bitcoin and the rest of the crypto market might escape the seasonal curse, Red September has once again reared its ugly head. With Bitcoin falling below $113,000, and the overall crypto market sliding 3.8% to under $4 trillion, BTC is now just 4% away from painting another red monthly candle during what is historically its worst month of the year. Notably, tradfi markets aren’t suffering the same fate at the moment and are instead hovering near all-time highs, with the S&P 500 up ...