Crypto
BTC Stuck Below $80K as Weekly MA50 Resistance Holds Strong
Bitcoin's price continues to struggle below $80,000 as it faces resistance from its weekly MA50. This moving average has been a major hurdle for BTC, and reclaiming it is crucial for further growth.
The asset needs to break through this level to continue building on the impressive August breakout. Analysts are keeping a close eye on Bitcoin's price action, which has been influenced by factors such as a stronger yen and US yields.