10-09-2019, 02:47 AM
The weekly chart provides little in the way of a counter-narrative to the long-term bearish view seen on the monthly chart. Momentum has capped out beneath the neutral 50 zone on the RSI, a measurement of buyers and sellers of a particular asset over a particular time period.Further, the awesome oscillator (AO), which also measures momentum and captures market cycles, demonstrates BTC’s slow and steady decline in perceived value, with prices struggling to rise back above $9,000 post market sell-off.