Major moving averages on price charts are likely to act as key battlegrounds where bulls and bears fight for control.
Essential Bitcoin Price Points Traders Should Track Now
Major moving averages on price charts are likely to act as key battlegrounds where bulls and bears fight for control.
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The latest price moves in bitcoin (BTC) and crypto markets in context for May 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto
Implied volatility indicators DVOL and BVIV suggest peak fear has passed, with crypto leading traditional markets in pricing risk.
From panic to accumulation, long-term holders are strengthening their positions while bond yields and equities jump alongside bitcoin.
Traders will look for higher highs and higher lows on intraday frames, shrinking wicks at highs, and rising participation rather than a single spike that reverses.