The volatility and volume in the Bitcoin (BTC) markets dropped down over the past week as the price of Bitcoin relatively stabilized. Stabilizing markets with decreasing volatility and volume usually means that spectacular movements will come back to the markets shortly. However, what should investors expect from the markets over the short-term? The weekly candle closed below the 100-week moving average, which is a strong signal for the bullish/bearish momentum of the markets. Crypto market daily performance. Source: Coin360 Bitcoin’s weekly candle closes below 100-WMA The weekly candle was unable…
Bitcoin Price Rejects 100-Week MA, So Is the Pre-Halving Pump Over?
