BTC 'Warning' Removed

BTC Update:

The BTC update titled - ‘Bitcoin: Warning #1 Issued by Bullfinder AI Tech’ (25/11/2024) re-classified BTC’s momentum from ‘Bullish’ to ‘Warning’ territory, however did not re-rate as ‘Bearish’.

Today, this rating has been updated, with our Bullfinder AI tech now removing the ‘Warning’ label after a few months of softening from the highs.

Recent Price moves…

• Bitcoin retraced over -32% to a low of $74,508 from all-time high of $109,588.

• Bitcoin has since recovered, sitting approximately +20% from the recent lows.

• Momentum rating for the moment remains rated as ‘Bullish’ potential by our tech, however is subject to change.

Is Bitcoin now Bullish?

Although the ‘Warning’ rating has been relieved by our Tech, reverting our momentum rating back to ‘Bullish’ for BTC, caution is still warranted.

What’s next for BTC and the rest of the cryptocurrency market?
Stay tuned for further updates…

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