Bitcoin Approaches Crucial EMA Levels Around $80,000
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4 Articles
Bitcoin has lost almost 8% in ten days and comes back to test a major support area around $80,000. As technical signals deteriorate, will buyers manage to defend this level or should we prepare for a deeper correction? Analysis of thresholds to be monitored and possible scenarios for the next few days. L的 article Bitcoin Analysis: Why the $79,500 zone is decisive has appeared first on Cryptoast.
Bitcoin, after falling below $80,000 during the day, has risen above that level again. While Ethereum's recovery has been limited, accelerating producer inflation and weakening purchasing power in the US are making bullish expectations in the crypto market more difficult.
Bitcoin drops to $80,676 and approaches the 50-week and 21-week EMAs. Analyst rektcapital explains what that could mean historically.
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