Technical Analysis – BTCUSD battles with 200-day SMA
Posted on July 4, 2024 at 12:46 pm GMTBTCUSD drops to a fresh 2-month low Currently tests the crucial 200-day SMA Momentum indicators hover near oversold territories BTCUSD (Bitcoin) has been experiencing a extensive selloff since the beginning of June, forming a series of fresh lows. Despite a minor rebound last week, the price’s decline has accelerated in the past couple of sessions, with the bears challenging the 200-day simple moving average (SMA) on Thursday. Should Bitcoin violate that crucial hurdle, the April bottom of 56,483 could act as [..]