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Bears are Losing Control Over BTCS Inc. (BTCS), Here's Why It's a 'Buy' Now
BTCSBTCS(BTCS) Zacks Investment Research·2024-04-17 14:55

The price trend for BTCS Inc. (BTCS) has been bearish lately and the stock has lost 12% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a ...