CoinDesk Bitcoin Trend Indicator (BTI): Moving from Bullish to Neutral, Rising Momentum Weakens
2024-04-16 05:35:52
The CoinDesk Bitcoin Trend Indicator (BTI) has shifted from bullish to neutral, indicating a weakening of upward momentum. Bitcoin BTI has been in an uptrend or significant uptrend area since October 2023, when there were initial reports that major fund managers were in final-stage discussions with the Securities Exchange Commission regarding the launch of a spot Bitcoin exchange-traded fund (ETF), a daily signal that communicates the direction and strength of bitcoin price trends through a dedicated algorithm.
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