Is The Bitcoin Bottom In? CMT Reveals What Investors Need To See Now

3 hours ago

Bitcoin slid sharply over the weekend, breaking be

Is The Bitcoin Bottom In? CMT Reveals What Investors Need To See Now

Is The Bitcoin Bottom In? CMT Reveals What Investors Need To See Now

Bitcoin slid sharply over the weekend, breaking below $76,000 in thin trading and briefly dipping through the $75,000 area as selling accelerated late Saturday into Sunday. The move pushed BTC into a zone that technician Aksel Kibar has identified as a key band of horizontal support, roughly between $73.7K and $76.5K.That trade-off is deliberate, he added, and it’s part of knowing your own constraints: “Important to know your strength and weaknesses.”

Bitcoin trades at key support, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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