Bitcoin Shrugs Off Strategy FUD, Hits New 2-Week Peak in Early Signs of Structural Stabilization
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Swissblock reported on Tuesday that Bitcoin is showing early signs of stabilization as price momentum exits an extreme negative regime and on-balance volume (OBV) is starting to support a regime shift. The technical update signals a potential recovery for crypto markets and BTC price, but notes a sustained bullish trend depends on follow-through buying and buyer participation.
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Bitcoin is showing “early signs of stabilization” as the price momentum exits an extreme negative regime, reported analytics firm Swissblock on Tuesday. It added that on-balance volume (OBV) is also starting to support the regime shift and “recovery begins with momentum, but a new trend requires buyers to follow.”
OBV is a momentum indicator that uses volume flow to predict price changes by measuring cumulative buying and selling pressure.
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