This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
Bitcoin: Risks deeper pullback
Bitcoin’s (BTC) multi-month rally appears to have hit a significant wall, with a confluence of bearish signals emerging across both weekly and daily charts.
The weekly candlestick chart shows that bulls have failed to establish a foothold above the macro trendline connecting the 2017 and 2021 bull market highs. This failed breakout is supported by weakening momentum, as the MACD histogram, though still positive, is significantly lower than its peak in December 2024 when the macro trendline was first tested.
The bearish sentiment is further reinforced by the 14-week RSI, which has broken its uptrend line from the March lows while continuing to print a series of lower highs since March 2024.
On a shorter-term daily timeframe, the shift in momentum is even more pronounced. The three-line break chart, a tool designed to filter out mino
We współpracy z: https://www.coindesk.com/markets/2025/08/04/btc-risks-deeper-slide-to-usd100k-xrp-challenges-corrective-trend
