Bitcoin (BTC) Price Tests 50-Week EMA, Threatening a Macro Breakdown

By Coin Edition
14 days ago
BTC X X X X
  • Bitcoin risks confirming a macro breakdown if it fails to reclaim the 50‑week EMA.
  • Social dominance has spiked to four-month highs as per Santiment.
  • Analysts expect heightened volatility next week.

Bitcoin (BTC) is facing an unusually volatile week ahead, according to market analysts, after spending the weekend in a tight consolidation around the CME close. The low-volatility coiling has allowed liquidity to build on both sides of the order book, setting the stage for a significant price move.

Prominent analyst Daan Crypto Trades noted that Bitcoin has “plenty of fuel for a relief rally” which could arrive as soon as next week. He advised his followers on X to maintain caution and prepare for a sharp increase in volatility. 

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