Bitcoin has traded below the 200-day moving average for over a weekThe moving average is now a resistance zone for Bitcoin around the $40k price levelBitcoin is also trading below the 6-month moving averageBTC’s bullishness is hinged on reclaiming these two MAs otherwise a bear market will ensue Bitcoin might have entered a bear market based on the fact that the King of Crypto … [Read more...] about Bitcoin Failing to Recapture the 200-Day MA Points to a Bear Market
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Altcoins spike to new highs while Bitcoin bulls aim to recapture $57K
Bitcoin (BTC) price continues to recover from its sub-$55,000 correction and at the time of writing, traders are attempting to recapture the $57,000 level as a support. Data from Cointelegraph Markets and TradingView shows that a wave of early morning selling pushed Bitcoin price to a daily low of $53,167 and while dip buyers did manage to step in, the lack of purchasing volume … [Read more...] about Altcoins spike to new highs while Bitcoin bulls aim to recapture $57K