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Bitcoin Nears Bear Market Crossroads; $85,000 Crucial for Breakout Confirmation

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin is testing its 50-week moving average, with analyst Benjamin Cowen warning it mirrors the 2018 bear market pattern.
  • A break above $85,000 is needed to confirm a true breakout, otherwise, a rejection is likely.
  • Volatility is expected around Kevin Warsh's speech and potential stock market corrections.
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BTCUSD price history

79444.31 +20.59% over the displayed period

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