Bitcoin Pops Above $73,000—But The Tape Screams: Selling Pressure Hits Months-High
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Bitcoin maintains a stable position above USD $73,000 with a modest daily advance, although it remains below its key moving averages and far from its historical peak. *** Current price USD $73,432.07 with 0.58% increase Daily volume USD $33.93 MMD exceeds 30 days average SMA-7 in USD $75,418.29 acts as immediate resistance Capitalization reaches USD $1,471.31 MMD Return to 52 weeks negative in -29.26% Executive summary Key metrics: Price USD $73…
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BitcoinistBitcoin Pops Above $73,000—But The Tape Screams: Selling Pressure Hits Months-High
Bitcoin (BTC) regained the $73,000 level on Friday after earlier dipping to $72,500 earlier in the day for the first time since April. While the rebound may look like a quick recovery on the chart, market analyst J.A. Maartun said the bigger story is what the data shows about selling pressure underneath the surface. In […]
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