Bitcoin sell-off incoming? The US govt moves $241M of Bitcoin

Jun 27, 202417:21 GMT+10

If we look at the performance of Bitcoin over a longer period, in the last 7 days it experienced more than 7% of downside move. Whereas, in the last 30 days Bitcoin fall more than 11%. 

With bearish Bitcoin price performance in the last 30 days, according to expert technical analysis, Bitcoin is looking bearish as it is below 50 EMA (Exponential Moving Average) and near a crucial support level of $60,000 and 200 EMA. If Bitcoin on a daily time frame gives a strong candle closing below the $60,000 level, then there is a high possibility that we may see Bitcoin to the $53,200 level.  $BTC