1. The initial bullish thesis for Bitcoin reaching $117,000 was based on Trump's potential crypto presidency and bullish chart patterns, but it fell short. 2. Despite Bitcoin reaching all-time highs above $109,000, recent trend failures and a drop below $80,000 necessitate reassessing portfolio positions for potential further downside. 3. Indicators like Standard Deviation channels and MACD suggest more room for Bitcoin to fall before reaching oversold territory, prompting a rating reduction.
Related Articles
- Playing The Bitcoin Breakout With BITU6 months ago
 - NuScale Power: The Bottom Isn't In Yet (Technical Analysis)7 months ago
 - Costco Has A Lot Of Good Deals. Its Stock Is Not One Of Them (Technical Analysis)8 months ago
 - ASML: Don't Catch A Falling Knife (Technical Analysis)about 1 year ago
 - Occidental: Follow Buffett? Think Again (Technical Analysis)about 1 year ago
 - Gold Vulnerable, Risks To Stay Long Now Outweigh The Reward (Technical Analysis)about 1 year ago
 - Pricey CrowdStrike Breaks Out Ahead Of Q3 Earnings: $600 May Be In Playabout 18 hours ago
 - Inside the $15 Billion Bitcoin Black Market: The Rise and Fall of Chen Zhi, the Cyber Fraud Tycoon7 days ago
 - BTCI: Bitcoin Exposure, 30% Yield9 days ago
 - Newmont: Solid Free Cash Flow Generation, But Underwhelming Per Share Growth10 days ago