Bitcoin Clings to $80K as Nine Moving Averages Favor Bears
- —Nine moving averages signal bearish, five bullish
- —BTC trades below its 50-period EMA at $80,746 and 10-period EMA at $81,342
- —A break of the $79,146 swing low targets $78,500 and $78,000
- —RSI at 43 and ADX at 18 point to limited trend strength
Why it matters: Holding $79,146 decides whether bitcoin extends its slide toward $78K or begins a recovery toward $82K.
Source: Bitcoin.com