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BTC/USD: Selling at Major Levels
Bitcoin continues to struggle below the 200-day EMA near $108,000, signaling technical weakness. A failure to hold $100,000 could trigger moves toward $93,000 or $85,000, while only a break above $111,000 might revive bullish momentum. Bitcoin initially tried to rally during the trading session on Tuesday, but it seems as if it is continuing to struggle to break above the 200-day EMA. That is a bad sign as far as technical analysis is concerned, and it is something that I think a lot of people have to watch very closely. The 200-day EMA is sitting at the $108,000 level, and that is an area that a lot of people will ... (full story)
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