Bitcoin is losing its control. Don't lose your own!
Bitcoin continues to retreat from the historical highs reached in the March quarter of 2024, as discussed in many previous posts, minds and publications.
In nowadays BTC is declining to new local lows as the macroeconomic situation in the global economy worsens and volatility (uncertainty) in the market as a whole increases.
The technical picture indicates a breakout below the growth channel, within the boundaries of which BTC has rallied for the past year and a half.
A further break below the 52-week SMA will highly likely intensify the sell-off.
In nowadays BTC is declining to new local lows as the macroeconomic situation in the global economy worsens and volatility (uncertainty) in the market as a whole increases.
The technical picture indicates a breakout below the growth channel, within the boundaries of which BTC has rallied for the past year and a half.
A further break below the 52-week SMA will highly likely intensify the sell-off.
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