Bitcoin: Signals Trouble at Market Open
Bitcoin at $77063.38 shows bearish EMA50 resistance and MACD death cross as Robinhood Chain surges amid war and rate hike concerns.
SourceAnalysis
Bitcoin is in trouble as @notthreadguy warned during morning market open coverage shared by @Matt_Hougan, with Robinhood Chain on fire while war and rate hikes dominate headlines.
Price at $77063.38 trades below the EMA50 level of $77519.93 in a confirmed bearish structure, where the MACD death cross at -305.06 reinforces downside pressure and the position inside Bollinger Bands points to a test of lower support at $76770.6 before any recovery attempt, shaping the latest BTC price prediction amid crypto market crash risks.
Matt Hougan
@Matt_HouganBitwise Invest's CIO and FutureProof co-founder, former ETF.com CEO bringing deep investment expertise to digital assets.
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