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Bitcoin: 50-Day EMA Support Holds as Institutional Buyers Keep BTC Stable
Despite the fact that the interest rate markets are still flashing signals of risk-off type of behavior, Bitcoin has bucked the trend in general since the war started. While everything else started falling apart, Bitcoin just kind of hung out and consolidated. We have rallied; we have touched the 200-day EMA a couple of times. Now we are trying to determine whether or not we can go higher. The resiliency has been something to be watching, and like I said a couple of weeks ago, sometimes it is about what a market won't do. Right now, it doesn't look like Bitcoin wants to fall, at least not significantly. I think ... (full story)