Bitcoin’s (BTC) Uptrend From 2022 Low Threatened by ‘Pending Stochastics’ Signal: Fairlead Strategies

“The monthly chart of bitcoin shows a pending overbought downturn in the monthly stochastics. If confirmed at month-end, it would be a negative catalyst, suggesting the trading range marked the end to the cyclical uptrend from the 2022 low,” analysts at Fairlead Strategies said in a note shared with CoinDesk Wednesday.