Bitcoin Price Remains Bullish As Monthly Stochastic Sits Above 80, Here’s Why

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Bitcoinist 10h ago

Bitcoin Price Remains Bullish As Monthly Stochastic Sits Above 80, Here’s Why - Bitcoinist

Quick Summary:

The Bitcoin price has struggled to break above the $100,000 threshold decisively over the past four weeks, largely fluctuating within the $90,000 to $100,000 range.

This correction and lackluster price action have caused a degree of bearish sentiment among traders, with some speculating that Bitcoin might have already reached its peak for the current cycle.

Interestingly, history shows that Bitcoin’s hold above this 80 level on the stochastic oscillator has always led to the continuation of the price rally.