Bitcoin price faces 200-week trendline as US dollar hits 6-month high
BTC price centers on the 200-week exponential moving average, while analysts warn that Bitcoin and risk assets are in danger from a surging dollar.
BTC price centers on the 200-week exponential moving average, while analysts warn that Bitcoin and risk assets are in danger from a surging dollar.
BTC price action reflects a tug-of-war between weak bulls and bears, but Bitcoin breaking down is firmly on the cards.
Bitcoin SLRV Ratio data performs a moving average crossover absent since before the FTX implosion hit the market.
Bitcoin price is range-bound but several major altcoins such as XRP are showing signs of a potential breakdown.
Bitcoin has neither broken out nor down, but the status quo still includes the risk of a trip to BTC price “bearadise.“
Bitcoin erases all trace of “Grayscale hype,” with September offering a trip below $26,000 and limited chance of upside, BTC price analysis warns.
The price of BTC rose sharply and fell almost as fast over the past three days amid two recent events impacting pending applications for spot Bitcoin ETFs.
BTC price action is all about the 200-day moving average into the monthly close, with opinions on the outlook increasingly polarized.
It’s all about the 200-week EMA and the area just below $26,000 if Bitcoin bulls are to stand a chance, BTC price analysis says.
The BTC price looks frail as August comes to an end, and with Bitcoin bulls out of ammo, traders are preparing for more pain.