BTC at an inflection point, but fear the reaper

  • Bitcoin price closes 2Q down 40%, marking the worst quarter since 4Q 2018 loss of -44%.
  • 12-month simple moving average (SMA) has been critical support during BTC corrective phases.
  • 50-week SMA is limiting the intra-week selling, maybe offering the basis for a firm bottom.

Bitcoin price may encounter a challenging three months

Bitcoin price at an inflection point for this correction

Bitcoin price disarray leaves few clues about future intentions




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