Bitcoin may continue to copy its 2022 bear market if bulls fail to reclaim the 200-week exponential moving average by the end of the week, new analysis said.
Bitcoin (BTC) battled a key 200-week trend line around Thursday’s Wall Street open as “bearish acceleration” fears persisted.
Key points:
Bitcoin threatens to add the 200-week exponential moving average to its list of new resistance levels.
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Bitcoin and Ether spot ETF holders are nursing steep losses as the market continues to search for a local bottom,...
Bitcoin’s violent drawdown into the low-$60,000s has traders hunting for a floor One of the market’s best-known on-chain analysts is...
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