“At the end of August, bitcoin confirmed an overbought downturn in its monthly stochastics in a setback,” Katie Stockton, Fairlead Strategies’ founder and managing partner, said in a note to clients on Monday. “The downturn suggests the basing process may be drawn out, especially given the overhang of the monthly cloud model, which enhances resistance (~$31.9K) from the weekly cloud model.”
Source: https://www.coindesk.com/markets/2023/09/05/bitcoin-bulls-face-setback-as-monthly-stochastic-indicator-turns-lower-analyst/?utm_medium=referral&utm_source=rss&utm_campaign=headlines