Bitcoin rebounds to $83,700 from 50-day MA after sliding to $81,000
- —Bitcoin rebounded to $83,700 after falling to $81,000 at its 50-day moving average
- —Crypto market capitalization dropped 1% to $2.81 trillion
- —Fear & Greed Index fell to 57, the lowest since September 18
- —Advancers-to-decliners ratio among altcoins stood at 1:18
Why it matters: Holding the 50-day MA signals dip-buying demand persists, but rising bond yields and a stronger dollar mean any rally needs further confirmation.
Source: Bitcoin Insider