(7/11, Sun) btc fell -0.9% after blocking 100MA resistance of 4hr chart

in #btc3 years ago

Yesterday(7/10 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $33813, its lowest as $33030, its highest as $34240, its closing as $33500. Bitcoin reached its peak 30 minutes after the start of Saturday, then declined, moved sideways around the $33,800, and again rose to around the daily high at 16:30, but fell to the low at 20:00 and closed -0.9% down.

Looking at the 4-hour chart, btc attempted to break through the 100 MA at the beginning of the market, then fell again and ended below the 50 MA, and it seems that the failure of Ethereum to break through the 100 MA is not a good sign. Also, on the daily chart, Bitcoin moving in a very narrow box since July doesn't seem like a good sign.

There are rumors about cryptocurrencies, with a Twitter user saying that Apple will announce that it has bought $2.5B worth of Bitcoin next Monday. It's the news all crypto investors want, but it seems very unlikely because we have been disappointed by the rumor of Walmart's buying bitcoin on May. Since there is no good news in the market, these rumors are spread like jokes, which seems to reflect the current market mood.

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