✉news BusinessCrypto first seen 10 h ago, last 9 h ago, peak #30
Bitcoin Bull Score Hits 90 as Demand Fades
Original: [Analysis] Bitcoin Bull Score Hits 90, but Fading Demand May Curb Further Gains
New analysis shows Bitcoin's bull score reaching 90, a level typically associated with strong market momentum. However, the same report warns that demand for the cryptocurrency is weakening, which could limit further price gains. Traders are weighing the bullish reading against signs that buying interest may be cooling off.
Why now: Bitcoin traders are watching whether strong momentum indicators can hold up against weakening demand.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/448706