Workflow
MARA, CLSK, RIOT stocks at risk as Bitcoin forms a risky pattern
MARAMarathon(MARA) Invezz·2024-06-25 08:09

Bitcoin has formed a risky pattern Sadly, there are signs that Bitcoin will continue falling in the coming weeks. As shown above, the coin has crashed below the 50-day and 100-day Exponential Moving Averages (EMA), meaning that bears are gaining control. At the same time, Bitcoin has formed a triple-top pattern at 72,000andwhosenecklineisat72,000 and whose neckline is at 56,463. In most periods, this is one of the most bearish signs in the market. Its bearish outlook will be confirmed if the price moves below the neckline at $56,4 ...