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Bitcoin Price Prediction: BTC free-falls from weekend highs, can the 50 SMA hold?
Bitcoin price fails to sustain the weekend breakout above $10,400, hitting a barrier at $10,600. BTC/USD continues to trend within the toughest seller congestion zone between $10,311 and $10,620 according to on-chain metrics. The flagship cryptocurrency briefly stepped above the stubborn resistance at $10,400 over the weekend where it traded very close to $10,600. Unfortunately, the momentum fizzled out, culminating in a drop back into the range ($10,000 – $10,400). At the time of writing, Bitcoin is exchanging hands at $10,316 amid a growing bearish grip. The Relative Strength Index (RSI) in the 4-hour range puts ... (full story)