BTCUSD (Bitcoin) has been trending downwards since late March when further price advances got curbed at the 48,000 region. Although the price has managed to halt its decline and is currently experiencing a consolidation phase, the technical picture seems to be deteriorating for the cryptocurrency. The momentum indicators suggest that bearish forces continue to hold the upper hand. Specifically, the MACD […]
The post BTCUSD Extends Sideways Move but Downside Risks Linger appeared first on Action Forex.
