From TradingView · · 30s
Bitcoin Drops Below 200 SMA Support
Bitcoin lost 200-day SMA support on BITSTAMP:BTCUSD as DXY rises.
In brief
Bitcoin lost 200-day SMA support on BITSTAMP:BTCUSD as DXY rises. Bitcoin dropped below 200-day SMA support on BITSTAMP:BTCUSD while DXY rose, creating volatility. Originally reported by TradingView.
Bitcoin Drops Below 200 SMA
Bitcoin lost 200-day SMA support on BITSTAMP:BTCUSD.
DXY Rises Creating Volatility
DXY rose as Bitcoin dropped below 200-day SMA support.
Technical Indicators Show Support
Bitcoin bounced off VRVP value area low with filled gaps.
Federal Reserve Priorities
Federal Reserve prioritizes banking profits over individual investors.
The bottom line
Bitcoin dropped below 200-day SMA support on BITSTAMP:BTCUSD while DXY rose, creating volatility.
