2020-1-26 11:41 |
China is still impacting Bitcoin, according to analysts, as price action turns negative in the wake of coronavirus and new year celebrations.
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Bitcoin price has dipped to under $70,000 for the first time since early April. Negative triggers include ETF outflows, corporate sales, and large on‑chain transfers. With macro and geopolitical volatility persisting, bulls may struggle to reclaim recent highs.
Bitcoin price fell to below $75,000 on Wednesday, touching $74,600. ETF outflows and broader market headwinds mean downside pressure remains. Analysts say the current price outlook includes a “dangerous divergence”.
Key takeaways BTC remains around the $77k level after rejecting the 200-day moving average. The bearish performance comes as rising inflation and Treasury yields weigh on risk sentiment. Bitcoin slipped below $77,000 earlier on Wednesday after failing to break above the 200-day moving average near $82,000, as rising inflation and tighter macroeconomic conditions weighed heavily […] The post Bitcoin stays around $77K after 200-day moving average rejection appeared first on CoinJournal.
Key takeaways BTC dips lower for a fourth straight day on Monday after losing nearly 6% the previous week. US-listed BTC spot ETFs record a weekly outflow of $1 billion, the highest in three months.
Key takeaways Bitcoin has dipped below $80,000 after being rejected by the key 200-day EMA supply zone. US-listed spot ETFs recorded an outflow of $635 million on Wednesday. Bitcoin (BTC) fell below $80,000 on Thursday after failing to overcome a key overhead supply area earlier this week.
Key takeaways Bitcoin recovers slightly on Wednesday after finding support below $80,000. US-listed spot ETF saw outflows of $233 million on Tuesday, Bitcoin finds support at a key level Bitcoin (BTC) has slightly rebounded and is currently trading above $81,000 on Wednesday, following a retest of a critical technical support level the previous day.
Key takeaways Bitcoin trades around $81,000, maintaining a bullish bias but facing resistance at the 200-day EMA. Traders await the US Consumer Price Index (CPI) data, which could trigger volatility in BTC and risky assets.