BTC/USD Forecast: Bitcoin Showing Signs of Weakness

  • The BTC/USD pair fell a bit Monday as traders came back from the weekend.
  • The 50-day EMA continues to offer a little bit of dynamic resistance, and it makes sense that we could continue to go lower.
  • The last several days have been choppy and noisy, but they have been a consistent grind lower.
  • It’s likely that the longer-term trend is starting to come back into the picture.

Steve Walker

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