a.i & blockchain

although trading conditions have been volatile recently, btc appears to be oversold

Oversold conditions on the charts kept bitcoin above $27,500 for the time being. the cryptocurrency may encounter resistance at $35,000, where the current downtrend began earlier this month. according to demark indicators, btc’s daily chart showed a countertrend reversal signal on may 12 alongside the dow jones and S&P 500. negative momentum signals on weekly and monthly charts limit the stock’s potential upside.

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