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Bitcoin bear market not 'over already' as price rejects at $68K trend line
Bitcoin began to give back gains at Thursday’s Wall Street open as bulls faced a new resistance headache. Data from TradingView showed $67,000 coming back into focus as daily losses on BTC/USD passed 1%. The pair had climbed as high as $70,040 the day prior as buyers launched an assault on two key levels: the 200-week exponential moving average (EMA) and the old 2021 all-time high. Price ultimately failed to hold either, and commenting, trader and analyst Rekt Capital said that the 200-week EMA was now “acting as resistance.” “Ultimately, as long as Bitcoin remains below the 200-week EMA, history suggests ... (full story)
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