This Bitcoin price level will be 'end of the bears' if broken, says analyst
Burns Brief
Bitcoin’s rejection at the 200-day EMA mirrors past 25% and 36% BTC sell-offs, fueling fears of another drop toward $60,000 The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.
Bitcoin’s rejection at the 200-day EMA mirrors past 25% and 36% BTC sell-offs, fueling fears of another drop toward $60,000.
Key Takeaways
- Bitcoin’s rejection at the 200-day EMA mirrors past 25% and 36% BTC sell-offs, fueling fears of another drop toward $60,000