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Bitcoin Continues to Trade Below 100-Hour MA After Rebound
On Friday, the Bitcoin price continued sideways movement around $121,255 after bouncing back from Thursday’s lows of about $119,835. The BTC/USD trades within a descending channel formation in the 60-minute chart. The price of the pioneer cryptocurrency continues to trade slightly below the 100-hour moving average line, despite the latest rebound. As a result, it has room left to run before reaching the overbought levels of the 14-hour RSI. From a fundamental perspective, the BTC/USD trades during a relatively busy period in the U.S. market. Earlier in the week, US MBA mortgage applications fell by 4.7% compared to ... (full story)
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From cnbc.com | Oct 10, 2025
Gold and bitcoin have traded to record highs as investors look for protection in whats typically a volatile October for the market. Rising inflation and debt, a weakening U.S. dollar, the government shutdown, and Wall Streets newest buzz, the debasement trade, have all boosted assets beyond stocks and bonds. This whole debasement trade is benefiting ...