Bitcoin Shows Signs of Easing Momentum but Traders Remain Bullish on 150K
Recent market analysis reveals that Bitcoin is showing indications of easing momentum. The Relative Strength Index (RSI) has decreased by 15%, dipping below the overbought threshold. Additionally, Bitcoin futures have transitioned to a bearish stance, with a 43% drop in perpetual cumulative volume delta (CVD). Despite this, traders maintain a bullish outlook, with many still expecting Bitcoin to reach the ambitious target of 150K. Market participants are keen on monitoring the trends as they develop further.