Bitcoin Price Reversal Confirmed? This 100% Accurate Indicator Says Yes

The post Bitcoin Price Reversal Confirmed? This 100% Accurate Indicator Says Yes appeared first on Coinpedia Fintech News

After experiencing a significant price decline of 10% in the past two days, Bitcoin (BTC) is now poised for a price reversal, as shared by a crypto expert. On September 7, 2024, a crypto expert and a trader made a post on X (previously Twitter) that the technical indicator named Chande Momentum Oscillator (CMO) is signaling a potential price reversal for Bitcoin.

After hitting an all-time high of $73,777 in March 2024, BTC has been moving in a descending channel pattern since then. The trader noted that whenever BTC reaches the lower level of the channel pattern, the technical indicator CMA touches its rebound triggering zone and BTC’s price starts to recover and rally significantly. 

#Bitcoin Chande Momentum Oscillator (ChandeMO) is signaling a possible rebound on the Descending Support