The digital asset could not stick above the 50-day SMA for a long time.
Tag - cryptocurrency
Bitcoin has confirmed a top, closed below the 50-day MA at 10,921 yesterday and fell through all the key MAs on H4.
Last week BTC/USD failed to close at the weekly high in the 12,295 area and ended up near 11,416.
Check the key level for crypto ahead of the weekend!
Bulls finally gave up their positions.
The bullish optimism in the crypto market continues.
What news has been happening in the crypto market this week?
As fears about global economic well-being mount, market players turn to BTC seeing it as a kind of independent alternative.
The first part of the week was more than optimistic for Bitcoin. However, now it is going through the correction phase.
On Tuesday, Bitcoin managed to rally more than 10% testing $8,000 in Asia, while other key crypto assets also demonstrated substantial profits against the backdrop of bullish sentiment…
On Friday, versus all odds, Bitcoin proceeded with its surge in Asia and the cryptocurrency market generally stayed in the red…
On Thursday, key crypto assets managed to reverse losses from yesterday in Asia right after the market was suppressed by the Binance hack news…