Bitcoin copying 2022 'almost perfectly' as trader sees key support failing
From cointelegraph.com
Data from TradingView showed cooling BTC price volatility after a trip to $65,362 on Bitstamp — a level last seen in early April. {chart} After billions of dollars in liquidations, BTC/USD fielded new warnings that the worst of the bear market may still be ahead. Trader and analyst Rekt Capital focused on the 50-month exponential moving average (EMA) trend line at $66,628. “Over time, Bitcoin is likely to breakdown from this EMA and continue macro downside in this Bear Market,” he warned in one of several posts on X. Rekt Capital said that if history were to repeat from the 2022 bear market, price should now see a ...
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