RATE Group | Bitcoin’s TD Sequential Indicator is Pointing to Severe Uptrend Exhaustion
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Bitcoin’s TD Sequential Indicator is Pointing to Severe Uptrend Exhaustion

02 May Bitcoin’s TD Sequential Indicator is Pointing to Severe Uptrend Exhaustion

Posted at 13:54h in Cryptocurrency News by

Bitcoin appears to have now entered another bout of consolidation as the cryptocurrency attempts to break into the $9,000 region. This comes as buyers struggle to surmount the heavy selling pressure that has laced the upper $8,000 region.

It seems as though could be on the cusp of seeing a pullback, as one extremely popular technical indicator called the “TD sequential” is signaling that this uptrend is running out of fuel.

This isn’t the only indicator blinking bear-favoring signs, as another historically accurate top indicator just flashed, signaling that some intense downside could be imminent in the days and weeks ahead.

Bitcoin Shrugs Off Yesterday’s Grim Daily Candle Close; Stabilizes in Upper-$8,000 Region 

At the time of writing, Bitcoin is trading down marginally at its current price of $8,770. This marks a slight decline from daily highs of $9,200 that were set overnight, and only a minor rebound from lows of roughly $8,700.

The cryptocurrency is now entering a…

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