BTC remains above the 200 MA on the weekly chart, despite bearish attempts to break it down. The ongoing FUD surrounding the SEC's lawsuits against major exchanges has not deterred the price from staying above the 200 MA, resulting in unsuccessful attempts by the bears. If the price manages to close above the 200 MA by the end of this week, the bears are likely to face significant challenges.
During the same period, the S&P, Nasdaq, and Dow Jones indexes have been performing well while BTC experienced a decline. This raises the question of whether this signifies a decoupling between BTC and traditional markets. Only time will reveal the true nature of this phenomenon.It is possible that this could be the much-anticipated rally we have all been waiting for.
During the same period, the S&P, Nasdaq, and Dow Jones indexes have been performing well while BTC experienced a decline. This raises the question of whether this signifies a decoupling between BTC and traditional markets. Only time will reveal the true nature of this phenomenon.