Bitcoin Copies August 2022 With Weekly Close Below 200-Week Trend Line
5 Articles
5 Articles
Bitcoin confirms its fall below the 200-week moving average, a critical level that did not break from the 2022 bass market. Macro pressure, uphill yields and a distant support set an uncertain scenario for the leading cryptocurrency. *** Bitcoin closed a weekly sail under the 200-week moving average, a level that did not break from the 2022 bass market. The movement is attributed to strong macro pressure, especially the May payroll report that a…
Crypto Breaking News
BITRSSBitcoin Slips Below 200-Week Trend as 2022 Pattern Returns: Key This Week
Bitcoin is starting the new week around $63,000, but the market’s technical outlook remains weighed down by history: traders are watching for confirmation of a weekly breakdown after last week’s close slipped below Bitcoin’s long-term 200-week moving average (SMA). At the same time, macro catalysts are building. Federal Reserve minutes from the July meeting are due this week, and Japan’s second-quarter GDP release underscored risks to global liq…
Bitcoin drops below 200-week moving average for first time since 2022 bear market
Bitcoin's dip below the 200-week MA signals potential prolonged market stress, impacting investor sentiment and possibly triggering capitulation. The post Bitcoin drops below 200-week moving average for first time since 2022 bear market appeared first on Crypto Briefing.
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