Cryptocurrency Over the past week, the price of bitcoin has been plummeting with strong bearish momentum, resulting in a break below the 50-day and 100-day moving averages lines on the daily timeframe, indicating that the bears are presently in control of the market. Cryptocurrency Long-Term: The Daily Chart Technical analysis by Shayan However, the recent price action suggests that the negative momentum had weakened. The price experienced a short-term bullish leg towards $41.6K, which got rejected. But this can be considered as a pullback to the $41-42K resistance level. In the bigger picture, the $37K demand zone remains the next […]