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BTC Price Bulls Face Setback as Monthly Stochastic Indicator Turns Lower: Analyst

"At the end of August, bitcoin confirmed an overbought downturn in its monthly stochastics in a setback," Katie Stockton, Fairlead Strategies' founder and managing partner, said in a note to clients on Monday. "The downturn suggests the basing process may be drawn out, especially given the overhang of the monthly

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BTC Technical Analysis Indicator Flips Bearish on Price, Scaring Crypto Twitter

Some technical analysts, however, say the signal is undermined by other factors, and macroeconomic events such as the U.S. inflation figure due today and Wednesday's Federal Reserve decision will also influence bitcoin price performance. Still, the signal comes after BTC's 16% decline from highs around $31,000 registered two months ago,

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