Crypto

Bitcoin price risks $74K drop as 50-week EMA faces test

Bitcoin price extended its pullback toward $77,000 as rising oil prices, stubborn US inflation and higher Treasury yields reduced demand for risk assets. Technical charts now place BTC near a major weekly support level, while short-term momentum remains bearish. Bitcoin…

Bitcoin price extended its pullback toward $77,000 as rising oil prices, stubborn US inflation and higher Treasury yields reduced demand for risk assets. Technical charts now place BTC near a major weekly support level, while short-term momentum remains bearish. Bitcoin…

Source: https://crypto.news/bitcoin-price-risks-74k-drop-as-50-week-ema-faces-test/