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BTC/USD: Falls 4%, Breaks Below $108K and 200-Day EMA
Bitcoin fell roughly 4% on Tuesday, breaking below the 200-day EMA near $108,000. Market sentiment weakened after the Fed signaled uncertainty over rate cuts, with key support now seen at $100,000 and potential downside toward $84,000. Bitcoin continues to struggle as the session for Tuesday has seen roughly a 4% loss, all things being equal. This is a market that has broken below the 200-day EMA, which is at the structurally important $108,000 level. Now it looks like we’re in a bit of freefall toward the $100,000 level next, which is, of course, a large, round, psychologically significant level that a lot of ... (full story)
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