BTCUSD Drops Below 50-day SMA

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<p>BTCUSD bounces off 2024 low and reclaims 40,000 But price dips back below 50-day SMA after advance pauses Momentum indicators suggest weakening buying pressures BTCUSD (Bitcoin) experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as 38,460. Despite the price’s attempt for recovery, a new round of weakness has begun, with [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/537948-btcusd-drops-below-50-day-sma/">BTCUSD Drops Below 50-day SMA</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>

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