Bitcoin (BTC) Uptrend from 2022 Lows Threatened by ‘Pending Stochastic’ Signal: Fairlead Strategies

“Bitcoin’s monthly chart shows an imminent overbought pullback on the monthly stochastics. If confirmed by the end of the month, it would be a negative catalyst, suggesting that the trading range signaled the end of a cyclical uptrend from the 2022 lows,” analysts at Fairlead Strategies said in a note shared with CoinDesk on Wednesday.