What correction of Bitcoin? BTC Price Stays at $ 55K Despite Several Bearish Indicators by Cointelegraph


© Reuters.

Experienced analysts and media, including Cointelegraph recently highlighted some indicators that suggest that the (BTC) the rebound in prices could be extended too far.

Those bearish views include one from Bollinger Bands creator John Bollinger suggesting that traders use a trailing stop as signs of a “top” were building up.

Bitcoin ‘Fear & Greed’ index (top) and Bitcoin price on Bitstamp (bottom). Source: btctools.io, TradingView
Bitcoin price on Coinbase (NASDAQ 🙂 using 20-day Bolling Bands. Source: TradingView
8-hour Bitcoin perpetual futures funding rate. Source: Bybt.com