Optimism fading for BTC/USD?

Assuming daily flow remains beneath the 200-day SMA, this places a bold question mark on weekly support at US$56,796. This could also mean that short-term breakout traders may short any break of US$56,000, targeting at least US$55,000.


Major Bitcoin Shakeout Setting Up

Bitcoin setting up a washout in both directions as crypto markets are at a critical juncture. Kelly Kellam breaks down key market indicators and what investors should watch as we approach September’s …