The #bitcoin Value Range System (BVRS) has flipped to short for the first time since October
19th, which indicates a shift in market trends. Bitcoin $BTC is within a consolidation pattern at present
while the market shows signs of widespread negative sentiment.
Bitcoin continues to consolidate, while most of the altcoins experience weakness throughout the
market.
Bearish Momentum Building? Downside risks will grow stronger as per the BVRS indicator
unless Bitcoin manages to exceed its current price range.
Source: x
Traders need to be wary because the current trend shows a decline, and they must monitor
Bitcoin's response to its critical support zones. A rapid growth of bearish momentum would
generate additional stress across the broader market.
Meanwhile, one DeFi powerhouse known as DexBoss is achieving exponential growth while
most of the market remains weak.
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