Is Bitcoin’s bottom in? Indicators suggest the worst has gone for BTC
The cryptocurrency market experienced a significant drop as this week began, led by macroeconomic fears and Bitcoin’s (BTC) price action. Now, indicators suggest the worst has gone for Bitcoin and cryptocurrencies if CPI data and interest rates come as expected. In particular, BTC reached support in its tighter price range at $66,000, as previously reported by Finbold. A technical analyst highlighted this zone as an ideal entry point to Bitcoin, which was recently achieved. Nevertheless, the leading cryptocurrency still trades at $67,875 — slightly below the 30-day exponential moving average of $67,957. Moreover, a strong 4-month resistance lies at $72,000, being a level worth watching in the following days. Picks for you Bitcoin's retail demand falls 17%; Is this a precursor to a massive rally? 12 ...