The post Bitcoin Set for a Pullback? Momentum Slows as Price Rises – Analysts Warn of $60.6K Dip appeared first on Coinpedia Fintech News
According to a recent analysis by Bitcoinsensus, Bitcoin may be gearing up for a short-term pullback despite its recent price surge. The 1-hour chart reveals that while Bitcoin’s price continues to climb, momentum is losing steam. Analysts point to lower highs in momentum waves and a declining money flow as indicators of a potential slowdown. With these signals, experts are anticipating a dip, possibly pulling Bitcoin back to the $60.6K range before any recovery kicks in. Traders should be on alert as the market braces for a potential correction.