You are currently viewing Bitcoin Taps $18,100, Why This Is Dangerous For The Market?

BTC price tabs $18,100 for the second time as price respect weekly downtrend.  Price continues to trade below 50 and 200 Exponential Moving Average (EMA) on the daily timeframe.  BTC price bounced on the four-hourly chart after a bullish divergence appeared.

The price of Bitcoin (BTC) has had a rough week against tether (USDT) as the price plummeted following the Federal Open Market Committee news (FOMC). Following the news that the Federal Reserve raised its target interest rate by 75 bps, the price of Bitcoin (BTC) fell from $19,700 to a region of $18,100. (Data from Binance)

Bitcoin (BTC) Price Analysis On The Weekly Chart  Weekly BTC Price Chart | Source: BTCUSDT On Tradingview.com

The price of BTC continues to struggle to keep its head afloat after seeing the weekly candle closing bearish, with the new week looking more bearish ahead of the

Keep reading this article on Newsbtc.com.

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