Warning of bearish cycles: The Supply -in - Loss of Bitcoin mimics the pre-capitulation of 2022.
Bitcoin price action consolidates around $69,000_$70,000 after correcting from about $90,000 at the beginning of the year; the price action moves sideways with limited liquidity. Short and medium term is weak: BTC trades below the 50 to 100 period moving averages, which are declining and acting as resistance.
#BTC☀
#Binance
#criptomoeda
$BTC
Bitcoin price action consolidates around $69,000_$70,000 after correcting from about $90,000 at the beginning of the year; the price action moves sideways with limited liquidity. Short and medium term is weak: BTC trades below the 50 to 100 period moving averages, which are declining and acting as resistance.
#BTC☀
#Binance
#criptomoeda
$BTC