Bitcoin Price Breaks Below 50-MA For The First Time This Cycle, Why A Crash T...
According to crypto analyst Tony Severino, the Bitcoin price has broken below the 50-week Moving Average (MA) for the first time in the current cycle, triggering renewed fears of a deeper decline. With price momentum weakening and long-term trend indicators flashing bearish warning signals, the possibility of a price crash to $38,000 is becoming hard to ignore. 50-MA Breakdown To Trigger $38,000 Bitcoin Price Crash The Bitcoin price action took a decisive turn this week as the market slipped below the 50 MA for the first time in this four-year cycle. Severino noted in his technical....
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