Quick Take As of press time, Bitcoin is trading below $60,000, placing it in a precarious position due to it being below key moving averages, particularly the 200-day moving average (200 DMA) at $62,300. It recently bounced off the lows of the 365-day moving average (365 DMA) around $49,000, showing some support and highlighting market […]
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Bitcoin’s negative correlation with SPX deepens amid current market trends