Bitcoin Drops Below 200-Day Average; Bull Market Trendline in Focus
Submitted by Anonymous (not verified) on Thu, 07/04/2024 - 12:20Markets that consistently trade below the 200-day SMA are said to be in a downtrend.
Markets that consistently trade below the 200-day SMA are said to be in a downtrend.
The decline in notional open interest masks bullish undercurrents.
BTC has already dropped 14% in four weeks.
The secured overnight financing rate surged Monday, indicating liquidity stress in the U.S. banking system.
Deribit's BTC DVOL index, a measure of volatility expectations, has slipped to lowest since early February.
BIS, the umbrella body for central banks highlights, highlights risks from mounting fiscal debt worldwide and premature rate cuts.
Short-term holders wallets sitting on loss may liquidate holdings near $65,000, capping a renewed upswing in bitcoin's price.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 28, 2024.
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