Post
MBDANGE
Bitcoin recent breakdown below the $76K 50-week EMA has put the market under pressure.
Around $1.1B in long liquidations and ETF outflows have added to the selling pressure, with $73K and $68K now key downside levels.
However, historical data offers another perspective: 5 of 9 similar EMA breakdowns since 2019 saw $BTC trading higher 12 weeks later.
This could be a leverage flush rather than the start of a deeper bear market. The weekly close and spot ETF flows deserve close attention.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$73,076.7+0.00%
ETH/USDTEthereum
$2,025.29+0.00%
SOL/USDTSolana
$82.47+0.00%
Today’s market buzz
1#BTC fell below $75,000 before the US October CPI release
2#AI stocks pull back: UBS says position reset, Bank of England warns of crash risk
3#Trump says the possibility of a large-scale strike on Iran is low, oil prices plummet
