Bitcoin tests a key level as the price struggles to $ 44,000 and altcoins suffer
Bitcoin (BTC) started the week with a fresh dip, hitting new local lows near $ 43,400.
Hourly graph of (Bitstamp). Source: TradingViewBitcoin risks losing the ‘demand zone’ at $ 44,000. Data from Cointelegraph Markets Pro and TradingView show that BTC / USD is testing levels identified by analysts as important supports.
After the weekly close below the 50 and 200-day moving averages, the pair appears to be less and less likely to claim them in the near term.
Read the full text on Cointelegraph
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