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All the Bullish Narratives Are Still There: So Why Is Bitcoin (BTC) Breaking Down?


All the Bullish Narratives Are Still There: So Why Is Bitcoin (BTC) Breaking Down?

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After a devastating downturn this week, Bitcoin climbed above $103,000, posting a gain of just over 1% in the past 24 hours. This has revived hopes of a recovery.

But fresh data suggest that the crypto asset went below critical trendlines, and analysts say multiple weekly closes under its 50-week moving average confirm the cycle top.

Read the article at CryptoPotato

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Coins

$ 64.05K

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+1.33%

$ 0.00...361

$ 78.18

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In This News

Coins

$ 64.05K

+0.17%

$ 1.81K

+1.33%

$ 0.00...361

$ 78.18

+0.09%

$ 0.101

-1.24%

Funds

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

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