Bitcoin’s latest advance has lost momentum as the cryptocurrency was pulled into an inflation-driven market selloff, according to Decrypt. The move has cooled the rally but has not erased a potentially significant shift in Bitcoin’s chart structure. A bearish pattern that has remained in place is close to flipping into a golden cross, a change that would mark the first such development since November. The report did not provide a price target or indicate how long the technical setup may take to complete. For BTC market watchers, the combination of near-term selling pressure and a possible change in trend signals presents a mixed picture: immediate momentum has weakened, while the chart is approaching a milestone that traders may monitor closely.
Source
Decrypt
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