Crypto
FalconX Moves Large Sums on Coinbase Amid Bearish Momentum
FalconX has made two large Bitcoin deposits to Coinbase in a short period of time. According to blockchain news, FalconX first deposited 200 BTC six hours ago, followed by another 100 BTC minutes later. The total transfer value is approximately $19.18 million at the current price of $64,076.14.
The price of Bitcoin is currently within its Bollinger Bands, with an upper resistance level at $65,647.1 and a capped upside from the EMA50 at $64,483.35. The EMA200 at $63,771.47 provides support below the current price. Technical indicators suggest bearish momentum, pointing to a potential test of the 200-EMA before any sustained move higher.