Weekly MA50 caps bitcoin: key levels at $71,000 and $82,500
- —$78,500 was broken as resistance but not confirmed as support
- —$71,000 remains the strongest support level in the analyst's model
- —A break of $82,500-$83,000 would open the way to $88,000
- —The market is pricing an 85.5% probability of a Fed rate hike on September 16
Why it matters: Without a return above the weekly MA50, bitcoin's rally remains in question, and the Fed decision and the CLARITY Act vote will set the direction for the week.
Source: CryptoPotato