The post Market Indicators Signal Potential Oversold Conditions As Bitcoin Heads To $60,000 appeared first on Coinpedia Fintech News
Despite a minor increment in Bitcoin from the $56,000 level, the BTC short-term holder realized price and profit/loss margin indicate increased stress. The unrealized profit/loss margin at -7.16 today at press time indicates the market is slowly becoming oversold. However, the 30D MA at 11.37 stays rather optimistic. As of now, the declining trend in margins warns of an oversold market.