Bitcoin risks losing the $27,000 support zone with BTC price weakness suffering at the hands of a death cross.
BTC/USD 1-hour chart. Source: TradingViewAnalyzing intraday performance, popular trader Skew noted the interplay between two moving averages , along with a so-called “death cross.”
“Here we technically just had the death cross, so if we head lower kinda leaning towards a squeeze eventually to test 200D MA again before trending,” part of X commentary “Bears have price control here with loss of 4H EMA trend, if price recovers above $27.3K I will see that as strength,” he wrote. Fellow trader Crypto Tony revealed that he was already short BTC, having triggered the change as Bitcoin dropped below $27,200.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin (BTC) Price Eyes $28K as Altcoins Bleed Out (Market Watch)Crypto Blog
Read more »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC to dip, taking altcoins with itBitcoin (BTC) price shows weakness as it approaches a key hurdle. Rejection for BTC could prompt altcoins like Ethereum (ETH) and Ripple (XRP) to cras
Read more »
Bitcoin (BTC) Might Meet 'Key Pivot Point' on Nov. 21, Here's WhyBitcoin (BTC) price still mirroring its performance demonstrated in last two cycles, analyst Miles Deutscher says
Read more »
War, CPI and $28K BTC price — 5 things to know in Bitcoin this weekBitcoin enters a volatile macro week, with the BTC price still to react to geopolitical tension.
Read more »
This Is Bitcoin’s First Line of Support if the Bears Prevail (BTC Price Analysis)Crypto Blog
Read more »
Bitcoin dominance hits 3-month high as ‘hammered’ altcoins risk diveBitcoin snatches market cap dominance from altcoins as BTC price bounces from intraday support.
Read more »