Markets· ★★★· bearish·

Bitcoin slips below $80K and 50-day average, with $75K in sight

  • —Bitcoin trades below $80K and its 50-day moving average
  • —A break below $80K could open the door to $75K, then $73K
  • —BTC's 30-day range compressed from 13% to 6%, raising breakout risk
  • —XRP fell 0.5% despite Ripple's trust bank approval
Why it matters: A volatility squeeze and the loss of the 50-day average raise the risk of a sharp move lower ahead of the Fed decision.
#BTC#XRP
Source: Cryptonews.net
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