{"id":427411,"date":"2020-06-15T10:10:39","date_gmt":"2020-06-15T10:10:39","guid":{"rendered":"https:\/\/wncen.com\/?p=427411"},"modified":"2024-06-11T12:06:07","modified_gmt":"2024-06-11T12:06:07","slug":"4-key-signs-bitcoin-rally-3700-lows","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/4-key-signs-bitcoin-rally-3700-lows\/","title":{"rendered":"4 Key Signs Show Bitcoin’s 150% Rally From the $3,700 Lows Is Finally Over"},"content":{"rendered":"

Due to a widespread recovery in risk assets, Bitcoin and its altcoin counterparts have recovered all the losses they have incurred in March. From the March lows of $3,700, in fact, Bitcoin<\/a> is up by over 150%.<\/p>\n

Yet with BTC finally stalling in the $9,000s, analysts see a confluence of tell-tale signs that a further bearish reversal is inbound.<\/p>\n

Related Reading: Bitcoin Hash Rate Recovers to Pre-Halving Levels, But a Chinese Mine Just Burned Down<\/a><\/h6>\n

Bitcoin Is Printing Tell-Tale Signs of a Reversal<\/strong><\/h2>\n

Over the past few hours, Bitcoin has slipped under $9,000 after holding above the pivotal level for upwards of two weeks.<\/p>\n

Analysts have already reacted to this move lower negatively, postulating that BTC is in the midst of reversing after its jaw-dropping rally from March’s capitulation lows.<\/p>\n

A trader recently identified<\/a> four technical trends indicating that Bitcoin’s uptrend is over, sharing the chart below:<\/p>\n