Bitcoin Loses Its 50-Week Average — September's Bull Signal Erased
BTC slipped to ~$72,850, trading below its 50-week moving average of $75,153 — reversing the September breakout analysts called the start of a new bull run.
Wintermute: $68,000 is the next level down; only a reclaim of $80,000 changes the view. US spot BTC ETFs have now bled $1.44B over five straight sessions, and CME FedWatch prices a ~90% chance of a December hike.
Fear & Greed sits at 28 — deep in Fear.
$BTC #Bitcoin #BTC
Not financial advice.
BTC slipped to ~$72,850, trading below its 50-week moving average of $75,153 — reversing the September breakout analysts called the start of a new bull run.
Wintermute: $68,000 is the next level down; only a reclaim of $80,000 changes the view. US spot BTC ETFs have now bled $1.44B over five straight sessions, and CME FedWatch prices a ~90% chance of a December hike.
Fear & Greed sits at 28 — deep in Fear.
$BTC #Bitcoin #BTC
Not financial advice.
