Home Markets Bitcoin Wavers in a Tight Range as Crypto Trade Weakens

Bitcoin Wavers in a Tight Range as Crypto Trade Weakens

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Bitcoin Wavers in a Tight Range as Crypto Trade Weakens

On the technical side, bitcoin broke above its 10-day exponential moving average (EMA), indicating near-term weakness. The 10-day EMA is a moving average of the last 10 days of bitcoin price. A price movement below the EMA of an asset can be interpreted as a bearish signal. It should be noted, however, that the downward moves occurred below the average volume. Movements back and forth at low volume are often interpreted as showing a lack of conviction in the direction of movement.

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