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 ...

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 ...