Bitcoin: Apparent Demand Drop Limits Upside
Bitcoin Apparent Demand decline coincides with $61415.73 price testing lower Bollinger support amid bearish EMA structure and MACD death cross.
SourceAnalysis
Bitcoin rarely rallies when Apparent Demand contracts, according to Charles Edwards.
Price at $61415.73 sits inside the Bollinger Bands with lower support at $60825.84 while the EMA50 at $64284.44 and EMA200 at $71529.3 cap any recovery. The MACD death cross at -490.8 keeps the 4h structure bearish and RSI at 40.63 offers no bullish divergence. Traders watching BTC price prediction models now focus on whether demand metrics stabilize before the next crypto market crash test.
Charles Edwards
@caprioleioFounder of Capriole Fund and The Ref.io, leading ventures in the digital asset ecosystem.
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