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CoinGape
2022-07-22 18:50:49

Bitcoin Price Analysis: BTC Consolidates Below 50-day EMA; Is $25,000 Still Valid?

Bitcoin Price Analysis: BTC Consolidates Below 50-day EMA; Is $25,000 Still Valid?

Bitcoin price faces rejection near the swing high of $24,287.13 made on Wednesday. The recent price action indicates a shift in the bearish sentiment owing to the broader crypto market recovery. BTC price extends the consolidating for the third straight day. The price spot renewed strength after briefly dipping towards $22,000. A retest of the The post Bitcoin Price Analysis: BTC Consolidates Below 50-day EMA; Is $25,000 Still Valid? appeared first on CoinGape.

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