Bitcoin Preparing for a Breakout After Momentum Turns Negative, Says Analytics Firm – Here’s the Outlook

Description

New data from the crypto analytics firm Swissblock suggests that Bitcoin ( BTC ) is gearing up to skyrocket even as its momentum turns negative. In a new thread on the social media platform X, Swissblock says the top crypto asset by market cap just needs to flip its momentum in order to reverse course and spark a rally, likely taking altcoins with it if it does. “Profit-taking is fading and selling pressure is being absorbed. BTC is preparing for breakout – but momentum needs to align. While BTC...